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Oil News in Saudi Arabia

Saudi's Falih Sees No Impact on Oil Markets from Venezuela Turmoil
1/28/2019 - Political turmoil in Venezuela has so far had zero impact on global oil markets, Russia’s RIA news agency cited Saudi Arabia’s Energy Minister Khalid al-Falih as saying. ...
PetroChina Agrees 2019 Annual Crude Supply Deals with Saudi Aramco, Kuwait
11/7/2018 - Chinese oil major PetroChina inked 2019 annual crude supply deals with state-owned producers Saudi Aramco and Kuwait Petroleum Corp on Wednesday at a public signing ceremony during the China Internati...
Saudi Aramco to Supply Egyptian Refineries for Another Six Months
6/19/2018 - Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said. ...
S-Oil Sells $1.8B Worth of Diesel, Naphtha to Saudi Aramco's Trading Arm
1/31/2018 - S-Oil Corp, South Korea’s third-biggest refiner, has signed a contract to sell a total of 1.944 trillion won ($1.82 billion) of oil products including diesel and naphtha to Saudi Aramco’s trading arm....
Saudi Arabia to Supply Full Jan Crude Volumes to Several Asian Buyers
12/11/2017 - Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge...
Saudi Arabia Oil Demand - October 2017
Saudi Arabia Oil Demand - October 2017 10/24/2017 - In Saudi Arabia, August 2017 oil demand returned to a declining trend as oil demand dipped steeply by 0.26 mb/d, or 9% y-o-y, to reach approximately 2.67 mb/d. On a cumulative basis, from January to A...
Saudi to Supply Full Crude Allocations to Most Asian Refiners
9/11/2017 - Saudi Arabia will supply full contracted volumes of crude oil to at least five north Asian term buyers in October, while a sixth regional refiner was notified of cuts to its October Arab Extra Light s...
Saudi's Falih Discuss Oil Supply Cuts Extension with Venezuela, Kazakhstan
9/10/2017 - Saudi Arabian Energy Minister Khalid al-Falih discussed with his Venezuelan and Kazakh counterparts the possible extension of the global oil supply cut pact beyond March 2018, the Saudi energy ministr...
Russia, Saudi Arabia Discussed Extending OPEC-led Deal, No Decision
9/5/2017 - Russia and Saudi Arabia have discussed extending an oil output cut deal between OPEC and non-OPEC producers but no specific decisions have been made, the TASS news agency quoted Russian Energy Ministe...
Saudi Arabia Oil Demand - August 2017
Saudi Arabia Oil Demand - August 2017 9/5/2017 - In Saudi Arabia, the first six months of 2017 indicate a 3.0% y-o-y decline in oil requirements. The main factors behind this are the sluggish volumes for crude direct use, as well as diesel oil, main...
Saudi Arabia Crude Oil Exports Fall Slightly in June 2017
8/17/2017 - Saudi Arabia's crude oil exports in June fell slightly to 6.889 million barrels per day (bpd), 35,000 bpd lower than the May level, official data showed. OPEC's biggest producer also pumped 10.070 mil...
Saudi Energy Minister Says Discussed Stabilizing Oil Market with Iraq
8/9/2017 - Saudi Arabia's energy minister said that he had discussed efforts to stabilize oil markets with his Iraqi counterpart during a joint meeting. ...
Saudi Arabia Oil Demand - July 2017
Saudi Arabia Oil Demand - July 2017 8/1/2017 - In Saudi Arabia, oil demand growth figures for May returned to the declining trend seen in the first three months of the year. Oil requirements fell by 0.10 mb/d, or 4%, compared to the same month in ...
Saudi Arabia Curbs Oil Shipments to United States
7/13/2017 - Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. crude imports from Saudi Arabia averaged...
Saudis to Cut August Oil Exports to Lowest Level This Year
7/12/2017 - Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC p...
Oil will Continue to Play a Key Role in Global Energy Mix
Oil will Continue to Play a Key Role in Global Energy Mix 7/10/2017 - The role of oil as a vital source of energy to the world is expected to continue for the long term despite the growth of alternatives, said Amin H. Nasser, President and CEO of Saudi Aramco. ...
Putin, Saudi Prince to Meet After Extending Oil-Supply Curb Deal
5/30/2017 - Russian President Vladimir Putin is to meet with Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman in Moscow after the world’s biggest oil exporters reached a deal to prolong supply cuts for anot...
Saudi Arabia Oil Demand - May 2017
Saudi Arabia Oil Demand - May 2017 5/16/2017 - In Saudi Arabia, March 2017 oil demand returned to a declining trend as oil demand dropped sharply by 0.24 tb/d or 10% y-o-y, with total oil demand reaching around 2.13 mb/d. On a cumulative basis fro...
Saudi Arabia, Russia Agree Oil Output Cuts until March 2018
5/15/2017 - Saudi Arabia and Russia, the world's two top oil producers, agreed to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. ...
Aramco to Cut June Oil Supplies to Asia by about 7 mln barrels
5/9/2017 - Saudi Aramco will cut oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said. ...

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