tag Saudi oil

Iran, Iraq Battle for Crude Market Share

EghtesadOnline: Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from the rival Saudi Arabia to win buyers in key markets like China and the US.
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Publish Date:15/October/2017 | 13:17

Saudi, Iraq Oil Ministers Agree to Stronger Oil-Cuts Commitment

EghtesadOnline: OPEC’s two biggest producers agreed to strengthen their commitment to production cuts and maintain balance in world crude markets, Saudi Energy Minister Khalid Al-Falih said after talks with his Iraqi counterpart Jabbar al-Luaibi, according to the kingdom’s state news agency SPA.
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Publish Date:12/August/2017 | 24:51

Aramco Raises Crude Pricing to U.S. and Asia on Increased Demand

EghtesadOnline: Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the U.S. and Northwest Europe as it seeks to take advantage of increased demand after suppliers extended production cuts to help curb a global glut.
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Publish Date:05/June/2017 | 24:09

In Aramco IPO pitch, Canada plays up its natural resources expertise

EghtesadOnline: The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.
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Publish Date:28/May/2017 | 04:58

Saudis to Invest at Least 50% of Aramco IPO Proceeds at Home

EghtesadOnline: Saudi Arabia will spend at least half the money it raises by selling shares in the state oil company on domestic investments, Deputy Crown Prince Mohammed bin Salman said in a rare televised address to a nation that’s shown signs of uncertainty over his austerity plans.
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Publish Date:04/May/2017 | 21:00

Saudi Arabia Likely to Back Extending Oil Output Cuts

EghtesadOnline: Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions.
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Publish Date:13/April/2017 | 09:26

Saudi Aramco to Raise $3 Billion in Debut Sukuk Sale

EghtesadOnline: Saudi Aramco is planning to raise 11.25 billion riyals ($3 billion) from its debut Islamic bond, according to a person with knowledge of the offering, boosting the size of the sale because of investor demand.
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Publish Date:06/April/2017 | 19:36

Saudi Arabia to Switch Crude Oil Pricing for European Refiners

EghtesadOnline: Saudi Arabia is to tweak the benchmark it uses to sell its crude in Europe, in a concession to refiners in the region that have long complained about their ability to hedge using the current measure.
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Publish Date:05/April/2017 | 04:53

Saudi Aramco to Price Islamic Bond in $10 Billion Debt Push

EghtesadOnline: Saudi Arabian Oil Co. set final pricing for its debut Islamic bond as the company presses ahead with plans to raise $10 billion in debt, according to a person with knowledge of the matter.
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Publish Date:29/March/2017 | 13:43

Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized

EghtesadOnline: Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s cajoling.
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Publish Date:25/March/2017 | 06:45

Falih: No Free Ride for US Shale Producers

EghtesadOnline: Senior Saudi energy officials told top independent US oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from US shale fields, two industry sources told Reuters on Thursday.
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Publish Date:11/March/2017 | 16:46