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Oil & Gas Trade
Saudi Arabia Unveils Plans to Maximize Oil Output, Escalating a Price War with Russia
OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes of an all-out price war with non-OPEC leader Russi…
Oil Price
US Shale Supply Badly Hit by Oil Price War
Following the WTI price fall to around $30 per barrel due to an oil price war between Saudi Arabia and Russia, US shale production has been badly hit. The outlo…
Oil & Gas Trade
How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy
Moscow refused to accept production cuts to offset the effect of the coronavirus outbreak. Now Saudi Arabia is trying an alternative: inflicting pain.
Oil Price
Saudi Arabia, Russia Brawl Creates Crude Turmoil
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they woul…
Oil & Gas Trade
Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels
Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…
Oil Price
Oil Prices Dive as Saudi Arabia Takes Aim at Russian Production
Russia on Friday rejected an agreement with OPEC on cuts in oil supplies to bolster prices.
Oil & Gas Trade
Saudi Arabia to up Oil Production after Opec Deal Falls Through
World’s largest oil exporter Saudi Arabia is planning to ramp up production to nearly 11m barrels a day in April after the three year alliance between oil cart…
Oil & Gas Trade
OPEC+ Stuck Yet Again as Saudi Arabia and Russia Disagree on Output Cuts
The OPEC+ found itself stuck yet again, after a day of talks that ended with its two most important members split over whether they should deepen production cut…
Oil & Gas Trade
Saudis Lobby for Million-Plus-Barrel OPEC Cuts, Extending Oil’s Gains
Oil rose for a third day after Saudi Arabia pushed for a deeper output cut than OPEC’s technical committee recommended a day earlier.
Saudi Economy Grows just 0.3% in 2019 as Oil Sector Shrinks
Saudi Arabia’s economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data showed on Sunday, although the non-oil s…
Install 200 Electric Vehicle (ev) Charging Stations Across Brazil
The chargers will have 22 kW of power and be fire, shock and weather proof. The partnership comes after the announcement of the arrival in Brazil of the Audi e-…
Electric Vehicle Battery
Audi Suspends Electric Vehicle Production Due To Battery Shortage
Today in "news that affects all electric vehicle manufacturers but definitely not Tesla stock", Audi has announced that it has suspended production of its e-Tro…
Shale Gas
Saudi Aramco Launches Largest Shale Gas Development Outside U.S.
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power ge…
Oil&Gas Drilling
Saudi Aramco Announces Regulatory Approval of Al-Jafurah Gas Field
Saudi Aramco on Saturday announced the regulatory approval of the development of the Al-Jafurah unconventional gas field in the Eastern Province, the largest no…
Oil & Gas Trade
Kuwait, Saudi Arabia Start Trial Oil Pumping from Divided Zone: Kuwait Minister
Kuwait and Saudi Arabia will start trial oil production from the jointly-operated Wafra and Khafji oilfields on Sunday, Kuwait’s oil minister said.
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