Tag Archive

Saudi Aramco, KOTRA sign MoU

Saudi Aramco, KOTRA sign MoU

July 18, 2018 No Comments

Saudi Aramco recently signed a comprehensive Memorandum of Understanding (MoU) with the Korea Trade-Investment Promotion Agency (KOTRA) to facilitate closer business cooperation under the framework of Saudi Vision 2030. The MoU was signed by Ahmad A. Al Sa’adi, Saudi Aramco senior vice president of Technical Services, and Kwon Pyung-Oh, president of KOTRA. Under the MoU, […]

Saudis Won’t Prevent The Next Oil Shock

Saudis Won’t Prevent The Next Oil Shock

June 29, 2018 No Comments

Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according […]

Can Saudi Arabia Prevent The Next Oil Shock?

Can Saudi Arabia Prevent The Next Oil Shock?

June 15, 2018 No Comments

The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi […]

Oil Kingdom In Crisis

Oil Kingdom In Crisis

June 6, 2018 No Comments

Saudi Arabia has plunged its immediate region into major strategic uncertainty. What can only be described as a serious outbreak of shooting in the Royal Palace in Riyadh on April 21, 2018, was the catalyst for events which could determine the fate of the Crown, the Kingdom, and the regional competition, particularly with Iran, for […]

Environmental and social Sustainability

Environmental and social Sustainability

June 5, 2018 No Comments

Scientists from Saudi Aramco’s Research and Development Center (R&DC) recently organized the eighth annual meeting of the Saudi Arabian Section of the Combustion Institute. The meeting, held at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh, brought together more than 100 experts from institutions in Saudi Arabia, the UAE, Oman, and the […]

ENERGY HEADLINES W/E 3/06/18

ENERGY HEADLINES W/E 3/06/18

June 4, 2018 No Comments

The price of OPEC basket of fourteen crudes stood at $74.23 a barrel Friday, 1 June 2018 compared with $75.17 the previous day, according to OPEC Secretariat calculations. ——————- Iran’s oil exports hit 2.7 million barrels per day (bpd) in May, the Oil Ministry’s news agency SHANA reported on Saturday, a new record since the […]

Emerging Market Meltdown Could Undermine Oil Rally

Emerging Market Meltdown Could Undermine Oil Rally

May 31, 2018 No Comments

Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty. Higher […]

IMF Staff Completes 2018 Article IV Mission to Saudi Arabia

IMF Staff Completes 2018 Article IV Mission to Saudi Arabia

May 23, 2018 No Comments

An International Monetary Fund (IMF) team led by Tim Callen held discussions from May 2–14 for the 2018 Article IV Consultation with Saudi Arabia. At the conclusion of the mission, Mr. Callen made the following statement: “Saudi Arabia is making good progress in implementing its ambitious reform program under Vision 2030. The government remains committed […]

Oil Prices Rise After EIA Reports a draw of 2.2 million barrels in U.S. crude oil inventories

Oil Prices Rise After EIA Reports a draw of 2.2 million barrels in U.S. crude oil inventories

May 10, 2018 No Comments

Amid rising oil prices following President Trump’s withdrawal from the Iran nuclear deal, the Energy Information Administration added to the bullish sentiment by reporting a draw of 2.2 million barrels in U.S. crude oil inventories. Analysts polled by IG had expected a moderate build of 160,000 barrels, while a Reuters poll suggested inventories would be […]

Did Trump Just Kill The OPEC Deal?

Did Trump Just Kill The OPEC Deal?

May 10, 2018 No Comments

Trump’s decision to kill the Iran deal could put an end to the OPEC agreement. As has been widely discussed in the aftermath of President Trump’s decision to withdraw from the Iran nuclear deal, the return of sanctions on Iran could disrupt oil shipments, with estimates ranging from essentially nothing to as much as 1 […]

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