Saudi arabia

Gas Turbine

Siemens Energy Signs Long-Term Service Contract with Aramco

Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four major oil fields.

Oil & Gas Supply

U.S. Calls On Saudi Arabia To Ensure Supply Of Affordable Energy

The United States has called on Saudi Arabia to make sure there is “affordable energy” supply in the world, ahead of today’s OPEC+ meeting where the cartel w…

Crude Oil

OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts

Oil prices gave up earlier gains and turned lower as of 11:39 a.m.

Crude Oil

Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says

After steady oil price gains earlier this year, OPEC and its allies, known as OPEC+, had hoped to ease output cuts

Oil Price

India and Saudi Arabia Spar Over Oil Prices

The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near…

Net Zero Emission

Saudi Arabian City to Include ‘Zero Cars, Zero Streets, Zero Carbon Emissions’

Saudi Arabia will be home to a zero-carbon city, known as The Line, said the crown prince on Sunday

Crude Oil

Saudi Arabia Tops China’s Jan-Feb Crude Imports

Saudi Arabia remained the top crude supplier to China in the first two months of this year, Chinese customs data show.

Crude Oil

Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says

Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace

Oil & Gas Trade

India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand

Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.

Energy Security

Saudis Vow To Protect Oil Facilities And Global Supply After Latest Attacks

On Sunday, Yemen’s Houthi rebels said they had fired 14 drones and eight ballistic missiles at oil facilities at the Saudi port of Ras Tanura and military targ…

Oil & Gas Trade

Saudi Oil Exports Holding Strong Despite Production Cut Commitment

Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.

Crude Oil

Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack

Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.

Oil Price

Oil up Nearly 5% on Possible Extension of Saudi Output Cuts

Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …

Crude Oil

OPEC, Allies Agree to Keep Oil Output Steady into April

The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.

Crude Oil

Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd

Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.