Saudi oil
-
Oil Market Glut Grows Bigger as Saudi Arabia Says Worst Is Over
EghtesadOnline: Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil,…
-
Saudis Said to Boost Oil Sales to China as Pricing Lures Buyers
EghtesadOnline: Saudi Arabia, which is marshaling a potential deal with global crude producers to limit output, is said to have lifted sales to the world’s second biggest oil consumer after cutting…
-
Saudi Arabia: Give Us Your Money and Don't Ask About Oil
EghtesadOnline: For Saudi Arabia, some things are better left unsaid. As they swapped their traditional white robes for business suits and ties to meet with prospective investors ahead of the…
-
OPEC agrees modest oil output curbs in first deal since 2008
EghtesadOnline: OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure…
-
Saudis See Oil-Freeze Deal Possible in November, Not This Week
EghtesadOnline: A deal by major oil exporters to freeze output may have to wait another couple of months.
-
Saudi Oil Minister Signals He’s Open to Iran Compromise at OPEC
EghtesadOnline: Saudi Arabia gave the strongest indication yet it’s ready to compromise with regional rival Iran, potentially paving the way for the first limit on oil production in two years,…
-
OPEC set for no deal as Iran rejects Saudi oil output offer
EghtesadOnline: Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find…
-
Iran Now Has the Edge in the Fight Over Oil Prices With Saudi Arabia
eGHTESADoNLINE: suddenly the tables have been turned on Saudi Arabia. The biggest oil exporter has swapped its traditional role as price dove with regional foe Iran, for years OPEC price hawk.…
-
Oil Edges Higher as Saudi Offer Opens Door to Future OPEC Deal
EghtesadOnline: Oil pared its biggest drop in more than two months as Saudi Arabia’s offer to cut output opens the door to a future OPEC deal, even as it doesn’t expect an agreement this week…
-
Saudis Willing to Act on ‘Critical’ Oil Market, Algeria Says
EghtesadOnline: Saudi Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels, Algeria’s energy minister said as he prepared to host a meeting of OPEC producers…
-
OPEC Deal Still Elusive Even After Saudis Offer Oil Cuts to Iran
EghtesadOnline: OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time…
-
Saudis Said to Meet With Iran for Oil Talks Before Algiers
EghtesadOnline: OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria.
-
Saudi Arabia’s July Oil Exports Reach Record as Local Use Eases
EghtesadOnline: Saudi Arabia’s oil exports climbed in July to a record level for that month, as the kingdom curbed the amount of crude it burns to generate energy domestically, according to the…
-
Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA Says
EghtesadOnline: Saudi Arabia has retaken the position of the world’s top oil producer from the U.S., according to the International Energy Agency.
-
Saudi Arabia Said Poised to Add Boutique for Aramco IPO
EghtesadOnline: Saudi Arabian Oil Co. is poised to choose an adviser from a list of boutiques for what could be the biggest initial public offering ever, a major coup for one of the smaller banks…
-
Saudi Oil Output Said to Drop as OPEC Debates Production Freeze
EghtesadOnline: Saudi Arabia told OPEC that its oil production dropped by 40,000 barrels a day in August to 10.63 million barrels as the group debates a deal to curb output to shore up prices.
-
Brent extends gains after Russia, Saudi Arabia sign pact
EghtesadOnline: Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to…
-
Oil Gains as Saudi Arabia to Make Statement After Russia Talks
EghtesadOnline: Oil gained as Saudi Arabia prepared to make a “significant” announcement following discussions with Russia over promoting market stability.
-
Russia and Saudi Arabia to Work Toward Oil-Market Stability
EghtesadOnline: Saudi Arabia and Russia agreed to work together to ensure oil market stability even as leaders from the world’s two biggest crude producers stopped short of offering detailed…
-
Iran rebukes Saudi Arabia ahead of OPEC meeting
EghtesadOnline: Iran said it is ready to help restore balance to the oil market but did not hold out much hope given that some producers are pumping crude at record levels.
-
Saudis Seen Bolstering Oil Market Defense With Asia Storage
EghtesadOnline: Saudi Arabia is poised to expand use of oil storage tanks in Japan and China, strengthening ties with its two largest Asian buyers as it fends off competitors for market share.
-
Japan’s Biggest Banks Plan to Sign Agreement With Saudi Aramco
EghtesadOnline: Mitsubishi UFJ Financial Group Inc.’s banking unit and its two biggest Japanese peers plan to sign a non-binding agreement with Saudi Arabian Oil Co. in Tokyo this week to expand…