Oil price slumps as Saudis mull huge IPO
Consumption
Oil prices have fallen again, pushing US crude to its lowest level in more than two weeks as the US-China
All posts in Saudi Arabia
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Saudi Aramco profits point towards floatation
Industry
Saudi Arabia’s state-owned oil giant, Saudi Aramco, is ready to go ahead with a record US$2-trillion market floatation after announcing
EIB funds Spanish wind farms as it ditches fossil fuels
Environment
The European Investment Bank (EIB) says it is lending up to €385 million to support the construction of 21 wind
Saudi minister committed to oil supply cut
Consumption
Saudi Energy Minister Khalid al-Falih says he told his Russian counterpart, Aleksandr Novak, during talks in Moscow that Saudi Arabia
Saudis again stifle UN climate change report
Environment
Efforts to tackle climate change have faced three major setbacks, according to the UN. Saudi Arabia has continued at a
Opec and Russia fail to set meeting to discuss output cut
Policy
Russia and Opec’s production cuts are due to expire this month with a 1.2 million barrels per day (bpd) production
Hormuz explosion pushes up oil prices
Production
Oil futures rose today (Monday) amid increasing concerns about West Asian supply disruptions despite the standoff in US-China trade talks.
Saudis eye controversial shale deal with Equinor: sources
Industry
Saudi Aramco is allegedly discussing a potential investment in Norwegian oil and gas giant Equinor’s US shale assets in what
Qatar criticises US over Iranian sanctions
Industry
Qatar has criticised Donald Trump’s decision to block all exports of Iranian oil, saying the sanctions mainly hurt the countries
Rohani: oil exports will continue
Policy
Iran will continue to export oil and gas in defiance of US sanctions, President Hassan Rohani has announced on television.
Iranians are sanction-busters, Trump warned
Policy
Donald Trump’s attempts to throttle Iran will fail because the Iranians have a “PhD in sanctions busting”, according to the
Oil prices fall as Iran set to defy US sanctions
Policy
Oil prices fell today (Thursday) as record US output and rising crude oil stocks reduced the impact on markets of
Saudi export rise to prop up US Iran sanctions
Production
Oil prices have hit a six-month peak as Opec apparently looks to raise output following Donald Trump’s decision not to
Saudi bond sale breaks emerging markets record
Industry
Risk premiums on Saudi Aramco’s US$12 billion of bonds rose in New York yesterday (Wednesday), a day after investors channelled
Goldman forecasts 11%-oil-price boost
Production
Investment banking giant Goldman Sachs has boosted its second-quarter Brent crude price forecast by 11.5 per cent from US$65 per