Monday, September 1, 2025
Saudi Arabia's production increase sparks credibility concerns- oil and gas 360

Saudi Arabia’s production increase sparks credibility concerns

(Oil Price) – After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 million bpd—the highest in two years. OPEC’s official production figures

Saudi Arabia’s crude oil exports jumped by 400,000 bpd in April

(Oil Price)– Saudi Arabia’s crude exports soared by 412,000 barrels per day (bpd) in April from March, the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Saudi Arabia, the world’s top crude exporter, saw its exports in April at an average of 6.17 million bpd, according to the JODI data which compiles self-reported figures from the individual

April price crash dragged Saudi Arabia’s oil revenues to 4-year low- oil and gas 360

April price crash dragged Saudi Arabia’s oil revenues to 4-year low

(Oil Price) – Saudi Arabia’s revenues from oil exports crashed in April by 21% from a year earlier – to the lowest level in nearly four years – as international oil prices dipped amid concerns about oversupply and potentially weaker global economic growth. Saudi Arabia, the world’s top crude oil exporter and leader of the OPEC+ group, saw its export revenues

BofA: The Saudis are readying for a long oil price war- oil and gas 360

BofA: The Saudis are readying for a long oil price war

(Oil Price) – Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom tries to claw back lost

Oil rises on US-China talks and Saudi supply dip- oil and gas 360

Oil rises on US-China talks and Saudi supply dip

(Investing) – LONDON -Oil prices extended gains on Tuesday, buoyed by U.S.-China trade talks and a dip in Saudi Arabian crude supply to China. Brent crude futures rose 23 cents, or 0.3%, to $67.27 a barrel by 1331 GMT, hovering near their highest since April 28. U.S. West Texas Intermediate crude was up 17 cents, or about 0.3%, at $65.46, near highs

Crude futures sink on Saudi push for OPEC+ supply hikes- oil and gas 360

Crude futures sink on Saudi push for OPEC+ supply hikes

(Investing) – Crude futures tumbled 1.4% today as market participants reacted to a report by Bloomberg indicating that Saudi Arabia is advocating for more aggressive oil supply increases by OPEC+. The kingdom’s push for regaining market share is driving its desire to accelerate production hikes in the upcoming months. According to sources familiar with the matter, Saudi Arabia, which exerts

Is a new oil price war between the west and OPEC about to break out?- oil and gas 360

Is a new oil price war between the west and OPEC about to break out?

(Oil Price) – It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabia’s oil policy. Quite the reverse, in fact, with enormous profits available from the failures of the enormously well-flagged and exceptionally predictable strategy of

Saudi’s refining boom helps it weather oil price war: Bousso- oil and gas 360

Saudi’s refining boom helps it weather oil price war: Bousso

(BOE Report) – Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports. The world’s top oil exporter has in recent years invested heavily in expanding and modernizing its refining and petrochemical capacity at home and overseas to meet growing demand for fuel and

The market is well supplied - So why is Saudi Arabia raising oil prices?- oil and gas 360

The market is well supplied – So why is Saudi Arabia raising oil prices?

(Oil Price) – OPEC+ served two surprises to the oil trading world in a matter of weeks. First, it said it would bring back three times the amount of oil supply it planned to originally in May. Then, it said it would repeat the exercise in June. And then it emerged that Saudi Arabia is raising selling prices for Asia when

Saudi Arabia set to slash oil prices to Asia amid falling benchmarks- oil and gas 360

Saudi Arabia set to slash oil prices to Asia amid falling benchmarks

(Oil Price) – Saudi Arabia, the world’s top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. Saudi oil giant Aramco is set to slash its official selling price (OSP)

What are the issues in US talks with Ukraine and Russia?- oil and gas 360

What are the issues in US talks with Ukraine and Russia?

(BOE Report) – U.S. and Russian officials began talks in Saudi Arabia on Monday aimed at making progress towards a broad ceasefire in Ukraine with Washington eyeing a separate Black Sea maritime ceasefire deal before securing a wider agreement. The talks, which followed U.S. negotiations with Ukraine in Saudi Arabia on Sunday, come as U.S. President Donald Trump intensifies his

EDF, TAQA collaborate to advance geothermal energy in Saudi Arabia- oil and gas 360

EDF, TAQA collaborate to advance geothermal energy in Saudi Arabia

(World Oil) – EDF Saudi Arabia and TAQA Geothermal Energy Company have signed a strategic Memorandum of Understanding (MoU) to collaborate on geothermal energy technologies including power generation and HVAC applications as well as Compressed Air Energy Storage in Saudi Arabia. The agreement was formalized during the third edition of the PIF Private Sector Forum, held at the King Abdul