Saudi Arabia

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Opec and its non-Opec allies agreed today to deepen their prevailing 1.2mn b/d production cut target by 500,000 b/d in the first quarter next year. This was widely expected, but in a surprise move Saudi Arabia said it and other countries will continue a voluntary reduction of 400,000 b/d on top of that.
News ID: 7800    Publish Date : 2019/12/06

A move by Opec and non-Opec members toward deeper production cuts would be a "tough decision" for Nigeria, the country's oil minister Timipre Sylva said today.
News ID: 7777    Publish Date : 2019/12/05

Key Opec member countries have expressed support for deeper output cuts, Iraq's oil minister Thamir Ghadhban said, ahead of the ministerial Opec and Opec, non-Opec meetings in Vienna later this week.
News ID: 7752    Publish Date : 2019/12/03

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
News ID: 7721    Publish Date : 2019/12/02

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
News ID: 7449    Publish Date : 2019/11/13

Saudi Aramco’s IPO looks doomed to failure as it targets a $2 trillion flotation. Tepid oil prices, the fraught politics of the Middle East and the demonization of fossil fuel producers in response to climate change fears have all made the initial public offering (IPO) a mission impossible.
News ID: 6900    Publish Date : 2019/10/23

The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three big oil-forecasting agencies.
News ID: 6745    Publish Date : 2019/10/19

The National Iranian Tanker Company (NITC) categorically dismissed media reports suggesting a ship that was attacked last week in the Red Sea and off the coast of Saudi Arabia is continuing leakage while on its way back home.
News ID: 6679    Publish Date : 2019/10/16

The recent attack on an Iranian oil tanker in the Red Sea indicated that the US is disappointed at the efficiency of its maximum pressure and oil sanction policy against Tehran, a leading Arab news outlet said Wednesday.
News ID: 6678    Publish Date : 2019/10/16

Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia , raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.
News ID: 6632    Publish Date : 2019/10/11

OECD commercial oil stocks are close to record levels seen during most of 2016, and are "a big insurance policy" in case of disruptive events such as the attacks on Saudi Arabia 's oil infrastructure last month, the IEA said today.
News ID: 6627    Publish Date : 2019/10/11

Saudi Arabia lost its position as the largest crude oil supplier to Japan in August as relatively expensive heavy-end crude grades prompted refiners to seek lighter Abu Dhabi crudes during the trading cycle.
News ID: 6550    Publish Date : 2019/10/01

Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Persian Gulf.
News ID: 5415    Publish Date : 2019/07/23

The Iranian oil tanker ‘Happiness 1’ that was held at Jeddah port in Saudi Arabia for over two months has been released.
News ID: 5375    Publish Date : 2019/07/22

An Iranian oil tanker which was “illegally” held by Saudi Arabia for two months has reportedly been released, and is now on its way back home with its entire crew on board.
News ID: 5362    Publish Date : 2019/07/21

Saudi Arabia ’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.
News ID: 4780    Publish Date : 2019/06/09

Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.
News ID: 4713    Publish Date : 2019/06/01

Chairman of Iran-Qatar Chamber of Commerce Adnan Mousapour announced that trade between the two countries is being followed in a normal status, absolutely unaffected by pressures from the US and some regional states.
News ID: 4682    Publish Date : 2019/05/30

From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until the yearend.
News ID: 4614    Publish Date : 2019/05/22

One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.
News ID: 4271    Publish Date : 2019/04/09

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