Saudi oil
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Britain Offers to Help to Wean Saudi Economy Off Oil Dependency
EghtesadOnline: U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Persian Gulf kingdom…
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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…
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China's Sinopec Says Saudi Aramco Invited It to Be Investor
EghtesadOnline: China Petroleum & Chemical Corp. said it was invited to invest in Saudi Arabian Oil Co. as part of what could be the world’s biggest-ever initial public offering.
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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…
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Oil edges up as Saudis cut supplies to U.S., but global glut remains
EghtesadOnline: Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with…
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Saudi exports to U.S. to fall by 300,000 barrels per day in March - official
EghtesadOnline: Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy…
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Beijing, Saudi Arabia agree to more oil cooperation, exports to China
EghtesadOnline: China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued on Saturday…
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Saudi Arabia Says Oil-Supply Cuts May Be Extended If Needed
EghtesadOnline: OPEC and its allies may prolong production cuts after they expire in June if the world’s crude inventories remain excessive, Saudi Arabia’s Energy Minister said.
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Saudi ‘Mission Impossible’ Makes Longer OPEC Oil Cuts Inevitable
EghtesadOnline: Saudi Arabia has set a near-impossible target to end the current round of OPEC oil-production cuts, indicating that a policy rollover into the second half of the year is a near…
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How Slipping Oil Prices Are Hurting the Global Reflation Rally
EghtesadOnline: The global market rally is facing a familiar nemesis: feeble oil prices. In the latest blow, Saudi Arabia announced Tuesday that it raised output back above 10 million barrels…
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Iran leapfrogs Iraq as India's no. 2 oil supplier in February
EghtesadOnline: India's oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC…
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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…
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Surprise Oil Price Cut Shows Saudis Are Trying to Fend Off U.S. Sweet Crude
EghtesadOnline: The oil is light, sweet and tempting, with a lot of it made in the U.S. Saudi Arabia’s trying to keep it away from the biggest crude buyers.
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Saudi Arabia, Russia Offer United Front on Oil Production Cuts
EghtesadOnline: Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked…
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These Are All the Ways a Saudi Aramco IPO Could Impact Markets
EghtesadOnline: The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
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Man Who Moved Oil With His Words Won't Talk About It Anymore
EghtesadOnline: For more than two decades, the oil market hung to Ali al-Naimi’s every word -- whether he was taking a characteristic stroll at dawn on Vienna’s Ringstrasse, hurrying through…
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Saudi Arabia Oil Tanker Tracking Shows Exports Slide in February
EghtesadOnline: Saudi Arabia’s shipments of crude oil fell last month, indicating OPEC’s biggest producer is continuing to cut supplies by more than it pledged.
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Saudi Arabia wants oil prices to rise to around $60 in 2017 - sources
EghtesadOnline: Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said.
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Saudis Kick Off $50 Billion Renewable Energy Plan to Cut Oil Use
EghtesadOnline: Saudi Arabia is kicking off its $50 billion renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing…
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Saudi Arabia Breaks Records on Oil Exports and Output for Year
EghtesadOnline: Saudi Arabia boosted oil exports and production last year to the highest monthly averages on record as the global crude market endured oversupply.
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Saudi Oil Shipments Soared Ahead of OPEC Production Cut
EghtesadOnline: Saudi Arabia’s crude exports surged to a 13 1/2-year high in November, just before it led global producers in restricting supplies to curb the worst glut in decades.
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Aramco Chief Says Oil Tax Will Be Cut to Lure Investors to IPO
EghtesadOnline: Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering -- potentially one of the largest in history…
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Oil prices mixed on Saudi commitment to cut output, investor scepticism
EghtesadOnline: Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that…
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Saudi Plans for Early End to OPEC Pact Risk Leaving Job Undone
EghtesadOnline: Saudi Arabia says OPEC is on track to wrap up its production curbs by the middle of the year. That would leave its aim of clearing a global oil glut unfinished.
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Saudis See No Need to Extend OPEC Deal Beyond Six Months
EghtesadOnline: OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given compliance with the reductions and the outlook for an increase in global demand,…
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Saudi Oil Output Drops Under OPEC Quota Close to Two-Year Low
EghtesadOnline: Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its pledge to cut crude output in six months,…
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Saudis Said to Duel Rivals by Curbing Heavy Oil Over Light Crude
EghtesadOnline: Saudi Arabia is staying in the battle for market share by continuing to pump the type of oil that’s similar to rival U.S. and African supply, while fulfilling its promise to cut…
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'Contango' is in OPEC's crosshairs, Goldman Sachs says.
There's an Early Sign OPEC's Push to 'Fast-Forward' the Normalization of the Oil Market May Be Working
EghtesadOnline: When it comes to OPEC production cuts, "We tend to cheat," said former Saudi Arabia Oil Minister Ali al-Naimi after the group reached an agreement to curb output late last year.
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Oil prices edge up on expectations of tightening supplies
EghtesadOnline: Oil edged higher on Wednesday, with top exporter Saudi Arabia expected to raise prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic…
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Saudi newspaper says report on huge Aramco stake sale was wrong
EghtesadOnline: Major Saudi Arabian newspaper al-Eqtisadiah retracted a report on Sunday that said state oil giant Saudi Aramco planned to sell 49 percent of its shares over the next 10 years.