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Saudi Arabia
Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42
Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.
Oil & Gas Trade
Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets
Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.
Oil & Gas Trade
Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’
An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.
Energy Technology
Green Hydrogen Project to Use Topsoe Ammonia Technology
A US$5 billion dollar green hydrogen production facility to be sited in NEOM, Saudi Arabia, will include Topsoe's proven ammonia technology.
Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Energy Technology
Air Products Announces $5bn Renewable Hydrogen to Ammonia Investment
US industrial gas and chemical business Air Products has announced a $5bn joint investment in a chemical production plant in Saudi Arabia powered by 4GW of rene…
Energy Technology
JV Launched to Pair 4GW With ‘World’s Largest Green Hydro Project’ in Saudi Arabia
A joint venture project has been launched to develop what intends to be the world’s largest green hydrogen project.
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Oil & Gas Trade
Saudi Oil Exports Down by $12 Billion Year on Year in April
The value of Saudi Arabia's oil exports dropped by 65.4 per cent in April when compared to the same month a year earlier, or a fall of about $12 billion.
Wind Power Project
APICORP Invests in Jordan Wind Project Company
Multilateral development bank Arab Petroleum Investments has invested in wind energy venture Jordan Wind Project Company.
Oil Price
OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020
Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.
Solar Power Plant
Solar Plant Starts Feeding Power to Oil Companies in Oman
Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest ph…
Oil & Gas Trade
Russia Overtakes Saudi Arabia as the Largest Oil Exporter to China
Russia last month overtook Saudi Arabia as China's biggest supplier of crude oil, exporting 1.75m barrels a day to China on average, compared with Saudi Arabia'…
Solar Power Panel
International Collaboration Powers Quest for Next-Generation Solar Cells
A new generation of solar cells, made from wearable materials, can charge our devices on the move.
Saudi Wealth Fund Builds Stakes in Canadian Natural, Suncor
Saudi Arabia’s sovereign wealth fund built stakes in two major Canadian oil sands players during the energy market rout.
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