Price War Ends: Saudi Oil Revenues Continue To Slide
Oil revenues for the world’s largest oil exporter, Saudi Arabia, continued to slide in May after the Kingdom ended its oil price war with Russia, with the income from oil…
Saudi Arabia Use Large Crude Oil Volumes For Electricity
Saudi Arabia could use this summer record amounts of crude oil for producing electricity as more Saudis would stay at home rather than travel on vacation abroad because of the…
Texas accuses Saudi Arabia and Russia of dumping
AUSTIN - The Interstate Oil and Gas Compact Commission (IOGCC) this week passed Railroad Commission Chairman Wayne Christian's (R - Texas) resolution urging the federal government to investigate excessive dumping…
Saudi price hikes, Brent oil passes $43/bbl
LONDON (Bloomberg) - Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained 1% to…
Saudi Arabia: How They Caused The Worst Oil Price Crash Ever
Saudi Arabia made good on its promise to flood the market with oil after the collapse of the previous OPEC+ deal in early March, exporting a record 10.237 million barrels…
Saudi Arabia Sees Oil Export Revenues Slide In Q1
Saudi Arabia exported crude oil worth some $40 billion during the first quarter of the year, down by 21.9 percent, or $11 billion, on the first quarter of 2019, Reuters reports,…
The Saudi-Russia oil price war was a ‘very big mistake,’ Qatar energy minister says
Qatar’s Minister of State for Energy Affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi…
Russia has no objection to earlier OPEC+ meeting: sources
Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar…
Saudi Arabia Suspends Plans To Ship U.S. LNG
Bahri, the shipping arm of Saudi Aramco, has suspended plans to charter a dozen tankers for liquefied natural gas (LNG) for a U.S. export project in which it is a…
Saudis to trim oil exports to comply with OPEC+ production cuts
SINGAPORE (Bloomberg) --Saudi Arabia will trim oil shipments to the prized Asian market in June and cut exports even more aggressively to Europe and the U.S., in a possible sop…