DUBAI/LONDON/MOSCOW – Saudi Arabia is prepared to support extending oil cuts by OPEC and its allies into June and is also ready to prolong its own voluntary cuts to boost prices amid a new wave of coronavirus lockdowns, a …
RarePetro
Oil & Gas 360 Publishers Note: Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any …
DUBAI – Saudi Arabia’s energy minister said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and …
Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s …
From Reuters
Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.…
From Bloomberg/Houston Chronicle
Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale boom into a fourth year.
In a …
From Bloomberg
Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the kingdom’s history …
From Bloomberg
The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production …
From Forbes
Jason Bordoff, the Founding Director of the Center on Global Energy Policy at Columbia University, noted on Twitter early Monday morning that “Everyone who’s been writing for years that shale is the new swing supplier, this is what …
Intended to showcase …
Saudi Arabia Denies Aramco IPO Is Canceled
Saudi Arabia said Thursday it remained committed to publicly listing its national oil company at some point in the future, dismissing reports that the centerpiece of the country’s …
Column From Reuters Russell
LAUNCESTON, Australia, June 25 (Reuters) – If it were possible to boil the crude oil market down to just one determining factor for the coming months, it would be this: What will Saudi Arabia actually do?…
From the New York Times
HOUSTON — It is unusual for the United States, Saudi Arabia and Russia to see eye-to-eye, much less try to achieve common energy policy goals, even indirectly.
But that is what seems to be happening, …
Reacting to comments from the Saudi oil minister, crude oil prices fell more than $5 per barrel between Friday and Tuesday. Brent crude …
From the Financial Times
For Saudi Arabia, the rebound in the oil price over the past year has been a strategic triumph. Its diplomacy, including an entente with …
Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia.
Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam …
From CNN/Money
Saudi Arabia’s oil shipments to the United States have declined sharply despite closer ties between the two nations under President Trump.
American imports of Saudi crude dropped 14% last year to …
From Bloomberg
For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role …
From Forbes
The report in the Dallas Morning News Wednesday morning that Pioneer Natural Resources has decided to divest all other assets in order to focus exclusively on the Permian Basin confirms what many have already known: the Permian truly …
From Bloomberg
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a …
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Few people understand the business of oil and gas better than Tom Petrie.
After serving as senior oil analyst for First Boston, Petrie co-founded Petrie Parkman & Co., merged it into Merrill Lynch …
Yesterday a client said, “It feels like 1986.” We haven’t heard that since 1986, and that year was a pivotal one.
The United Kingdom and France announced plans to construct the …
