Sparrows registered to operate in Saudi Arabia
Aberdeen energy service firm Sparrows Group has secured a commercial registration to operate in Saudi Arabia.
Saudi Arabia
Oil rises as Saudi supply cut counters fears over trade war
Oil rose in New York after Saudi Arabia was said to have curbed production, offsetting concerns that the growing trade dispute between the U.S. and China will hurt demand.
Saudi Arabia orders Canadian envoy to leave over criticism
Saudi Arabia has ordered the Canadian ambassador to leave the ultraconservative kingdom within 24 hours after his nation criticised the recent arrest of women's rights activists.
Saudis suspend oil shipments via Bab el-Mandeb after attack
Saudi Arabia took the extraordinary measure of temporarily halting oil shipments via the Bab el-Mandeb Strait, a key shipping lane for crude at the southern tip of the Red Sea, after two tankers were attacked by the Yemeni Houthi militia.
Saudis pump more oil to please Trump, then doubt if it’s needed
nder pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production -- only to discover that global markets might not yet need it.
Oil Falls as Saudis are said to offer extra crude to some buyers
Oil retreated below $71 a barrel as Saudi Arabia was said to offer extra crude supplies to some customers following a plan to boost output, while the U.S. considers tapping into its emergency stockpiles to rein in prices.
Long-term rise forecast for oil even as Trump tweets on supply
President Donald Trump’s weekend of oil diplomacy offered mixed messages on supply, and conflicting responses from analysts who predicted a short-term price drop but said a rebound was due in the long run.
Trump piles pressure on Saudis flummoxed by higher oil price
If the world’s biggest crude exporter says it’s going to ramp up production, prices usually drop. But as Saudi Arabia adds barrels before its customers get burned, prices have jumped. And Donald Trump isn’t happy.
US backs off Trump tweet on Saudis helping lower oil price
U.S. President Donald Trump’s administration backed off an assertion he made earlier indicating he persuaded Saudi Arabia to effectively boost oil production to its maximum capacity, which would have threatened to blow up a fragile truce agreed by OPEC and inflamed the Saudi-Iran rivalry.
OPINION: Saudi Arabia won’t prevent next oil shock
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 to Reuters.
Russia and Saudi Arabia to account for Opec production boost, say analysts
Despite Opec announcing a 1million barrel daily increase in production yesterday, the oil cartel did not say which countries will account for that.
Iran can block OPEC agreement, but Saudi can bypass veto
Even with Iran threatening to block an increase in OPEC’s oil production, Saudi Arabia still has options.
OPINION: Can Saudi Arabia prevent the next oil shock?
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 Arabia will be willing to revoke its current production cut stance.
Saudis say deal to gradually boost OPEC output ‘inevitable’
Saudi Arabia’s oil minister said it’s “inevitable” that OPEC and its allies will agree to boost oil output gradually, giving the most definitive signal yet that the cartel will alleviate high prices for consumers.
Russia and Saudi Arabia pursue Opec deal at World Cup summit
Come for the football, stay for the oil diplomacy.
Russia-Saudi soccer encounter has the oil market’s attention
This month’s packed geopolitical calendar has another key date -- a meeting between Vladimir Putin, the Russian president, and Mohammed bin Salman, the powerful Saudi crown prince.
Oil drops after Saudi-Russia output revival plan rattles traders
Oil headed for its longest run of losses since February as investors weighed Saudi Arabia and Russia’s proposal to boost output to ease concerns over supply shortages.
Oil slumps as Saudis, Russia say reviving output on the table
Oil headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014.
Saudi Arabia turns to Halliburton for its fracking needs
Saudi Arabia will partner with Houston-based Halliburton as it hopes to unlock a natural gas revolution similar to the shale boom that began in the U.S. more than a decade ago.
Saudi Arabia, Russia discuss scaling back global oil cuts
Saudi Arabia and Russia, the oil producers who led the effort to shrink a global glut, said they are discussing easing output curbs for the first time.
Iran opposes higher oil prices, signalling divide with Saudi Arabia
ran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member Saudi Arabia, which is showing a willingness to keep tightening crude markets.
Aberdeen event on emerging opportunities in Saudi Arabia
An event highlighting emerging opportunities in Saudi Arabia is being hosted in Aberdeen next month.
Aramco accounts show scale of challenge facing Crown Prince
The first look at the financial guts of Saudi Aramco show a corporate cash gusher, pumping billions in profit every month and beating every other big name in global business.
Iraq postpones upcoming oil and gas bidding round
A senior Iraqi official has revealed that the country will postpone its planned oil and gas bidding round, originally planned for the 15 April.
OPINION: Building The World’s Largest Solar Project
Saudi Arabia wants to pour $200 billion into solar to build the world's largest solar project.