Post Tagged with: "Saudi"

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

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

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

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

May 29, 2020 - 11:25 am Capital Markets, Crude Oil Storage, OPEC
Source: Reuters

Saudi energy minister says effective global oil cuts above 19 million bpd

Reuters


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 …

OPEC keeps curbs - Saudi Arabia Minister of Energy Khalid Al-Falih - Oil & Gas 360

Saudis to Limit Oil Exports in September to Stabilize Market

From The Houston Chronicle


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 …

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

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.…

Saudis Dig in for U.S. Shale Battle in Wake of Extended Cuts

Saudis Dig in for U.S. Shale Battle in Wake of Extended Cuts

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 …

Saudi Arabia Sees Oil at $80 in 2019 Budget

Saudi Arabia Sees Oil at $80 in 2019 Budget

Bloomberg chief ME economist says Saudi needs $95 to balance its budget

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 …

December 19, 2018 - 9:53 am Closing Bell Story‎, Commodity Pricing, Energy News
Saudi Arabia Faces a Dramatic Choice at OPEC

Saudi Arabia Faces a Dramatic Choice at OPEC

From Bloomberg

  • Saudi-Russia meeting at G20 likely to determine OPEC outcome
  • WTI crude plunged below $50 a barrel for first time in a year

 

The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production …

November 30, 2018 - 11:50 am Closing Bell Story‎, Energy News, International, OPEC
The Key Question: How Much Longer Will OPEC+ Hold Together?

The Key Question: How Much Longer Will OPEC+ Hold Together?

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 …

November 27, 2018 - 1:59 pm Closing Bell Story‎, Energy News, OPEC
Muhammad bin Salman, Deputy Crown Prince of Saudi Arabia
Photo Credit: The Economist

Saudi Investment Conference: Boycotts are Multiplying

“What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of any of us in the West to do business with the Saudi Government.” – Branson

Intended to showcase …

October 15, 2018 - 1:11 pm Closing Bell Story‎, Energy News, International, OPEC
Saudi Arabia Denies Aramco IPO Is Canceled

Saudi Arabia Denies Aramco IPO Is Canceled

Saudi Arabia Denies Aramco IPO Is Canceled

From The Wall Street Journal

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 …

August 23, 2018 - 6:20 am Closing Bell Story‎, Finance, OPEC
What Saudi Arabia Does Now is Key for Global Crude Oil Markets

What Saudi Arabia Does Now is Key for Global Crude Oil Markets

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?…

June 25, 2018 - 4:35 pm Closing Bell Story‎, Energy News, OPEC
United States, Saudi Arabia and Russia Find Agreement on Oil Policy

United States, Saudi Arabia and Russia Find Agreement on Oil Policy

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, …

June 14, 2018 - 8:15 am Closing Bell Story‎, Energy News, OPEC
Oil Prices Recover After a Million-Barrel Comment Spooked Oil Markets Friday

Oil Prices Recover After a Million-Barrel Comment Spooked Oil Markets Friday

OPEC and Russia looking hard at ending cuts, but maybe not till after end of the year

Reacting to comments from the Saudi oil minister, crude oil prices fell more than $5 per barrel between Friday and Tuesday. Brent crude …

Saudi Arabia’s Balancing Act with the Price of Oil

Saudi Arabia’s Balancing Act with the Price of Oil

At much over $75 a barrel, growth slows and conservation kicks in

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 …

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

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 …

Saudi Arabia’s Oil Shipments to America have Plunged to 1988 Levels

Saudi Arabia’s Oil Shipments to America have Plunged to 1988 Levels

Reducing exports to U.S. – strategy worked

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 …

March 21, 2018 - 1:24 pm Closing Bell Story‎, Energy News, OPEC
Saudi Arabia’s Al-Falih Shifts to a Harder Line to Hold Oil Prices Higher

Saudi Arabia’s Al-Falih Shifts to a Harder Line to Hold Oil Prices Higher

From Bloomberg

Kingdom needs higher prices to implement sweeping economic reforms: RBC

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 …

February 19, 2018 - 1:50 pm Closing Bell Story‎, Commodity Pricing, OPEC
Texas oil production - Oil & Gas 360

Pioneer’s Decision Cements Permian Basin’s Status As “Saudi Texas”

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 …

February 7, 2018 - 9:40 am Closing Bell Story‎, Energy News
Russia On Board with OPEC that Global Oil Alliance Could Continue Past 2018

Russia On Board with OPEC that Global Oil Alliance Could Continue Past 2018

Oil market still isn’t fully re-balanced, Russia’s Novak says

It’s unclear whether inventories will drop at same pace: Falih

From Bloomberg

OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a …

January 22, 2018 - 1:51 pm Closing Bell Story‎, Commodity Pricing, OPEC
Oil & Gas 360® Presents “TOP MINDS IN THE BUSINESS”  an Exclusive Interview with Tom Petrie

Oil & Gas 360® Presents “TOP MINDS IN THE BUSINESS” an Exclusive Interview with Tom Petrie

View the PDF   – Download Video File

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 …

January 27, 2015 - 5:24 pm C-Level Interviews, OPEC, Top Minds, Uncategorized, Videos
Oil. It’s What Drives the World.

Oil. It’s What Drives the World.

Hell no, I do not want to relive 1986!

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 …

January 8, 2015 - 7:14 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC