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Oil Price
Saudi Arabia Hikes Oil Prices Despite Omicron Fears
Arab Light will next month sell for $0.60 more per barrel than it does this month for buyers in Asia
Energy Investment
Acwa Power Signs Deal with Natixis to Secure Funding for New Projects
French bank could finance up to $2bn of the Saudi energy company's initiatives over the next two years
Oil Field
Aramco awards $10B in Contracts for Vast Jafurah Shale Gas Field Development
In late November, the Saudi Arabian Oil Company announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas …
Crude Oil
Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties
The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned
Natural Gas
Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia
Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.
Natural Gas
Hyundai Engineering Consortium Wins KRW2tr Gas Plant Project in Saudi Arabia
Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run …
Crude Oil
Saudi Arabia May Raise January Oil Prices to Asia
Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month
Oil Field
Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field
The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers
Oil & Gas Trade
Saudi Retains Top Spot Among China Oil Suppliers
Saudi Arabia has remained China’s number-one crude oil supplier.
Crude Oil
Opec+ Brought Stability to Oil Markets Through Its Policies, Saudi Energy Minister Says
The group delivered ‘more sustainability and more predictability’ to energy markets
Crude Oil
Russia And Saudi Arabia See Oil Oversupply In 2022
“Everybody is predicting a surplus of supply starting from the first or second quarter,”
Wind Power Project
Acwa Power been Awarded 1.1GW Wind Power Project in Egypt
Saudi Arabia’s ACWA Power has been selected to develop 1.1GW of wind power in Egypt, the developer revealed in its first quarterly results since launching its …
Crude Oil
Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco…
Oil Price
Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices
Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on subs…
Energy Investment
Saudi Arabia Signs Direct Investment Pact with UK in ‘Next Step’ for Green Initiatives
Agreement followed green finance roundtable at FII summit in Riyadh
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