Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. lately due to increased competition from Saudi Arabia. by Nick Cunningham of Oilprice.com. MORE
Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. The decision to bring such important data to light comes as Saudi Aramco is preparing to partially privatize its assets, an IPO that could bring in some $100 billion. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But nobody knows except the Saudis. MORE
Saudi Arabia inaugurated its first solar power plant on 1 October as it continues to diversify its energy sources. The plant was constructed by the Saudi Electricity Company (SEC) and Showa Shell Sekiyu K.K., a Japanese energy company partly owned by the Saudi Arabian Oil Company. The sun in Saudi Arabia emits about 7,000 watts of energy per square meter over an average of 12 hours every day. MORE
King Abdullah University of Science and Technology ( KAUST ), a new graduate-level research university located in Thuwal, Saudi Arabia, has commissioned UK-based Elektromotive to install 150 Elektrobay charging stations across its campus by September 2009—one of the largest single EV infrastructure deals so far. MORE
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. by Rakesh Upadhyay for Oilprice.com. MORE
oil Middle East energy policy United Arab Emirates Saudi ArabiaGlobal oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy. DON'T MISS: IMF: Fossil Fuels. MORE
The US shale oil industry faces an implacable foe in the current crisis: Saudi Arabia. Saudi Arabia is uniquely positioned to withstand low oil prices given that inside sources say the country has nearly $800 billion in reserves to weather the storm. At this point, Saudi Arabia’s currency reserves are roughly equal to the combined market capitalization of the entire US shale oil industry. by Michael McDonald on Oilprice.com. MORE
Energy Secretary Rick Perry signed an agreement with Saudi Arabian officials to research "carbon capture" technology for fossil fuels, the Department of Energy announced. Perry and Khalid Al Falih, the Saudi Minister of Energy, Industry, and Mineral Resources, signed a memorandum of understanding to "establish a framework for. emissions global warming climate change carbon dioxide Saudi Arabia fossil fuelsLast month, U.S. MORE
Renewable energy, especially solar, is making inroads into the U.S. power grid, but it's a very slow process. And especially in the wake of the Solyndra collapse, it's one fraught with political wrangling. But there's another country that plans to invest heavily in solar power, hoping to provide fully 30 percent of its energy needs from the sun in MORE
Whether you call them fuel-economy standards or carbon-emission limits, new vehicles sold in North America, Europe, China, and elsewhere are subject to regulations that will require them to get more energy-efficient. Now, another country is discussing new regulations that would require both new and imported used vehicles to meet minimum gas MORE
Located between Israel and Saudi Arabia, Jordan isn''t generally thought of in connection with electric cars, but its government hopes to change that with a combination of incentives and infrastructure buildup. Jordan may soon join the list of countries that heavily promote electric cars. MORE
Green cars Latest news crude oil prices fuel efficient car prices fuel efficient cars Kelley Blue Book Kelley Blue Book prices Saudi ArabiaWith petrol prices starting to fall, so at last are the prices for fuel efficient vehicles. According to Kelley Blue Book’s kbb.com, prices increased close to 25 per cent through 20 weeks of consecutive gains. However, values for fuel efficient used vehicles have now peaked as for the first time since January, values for compact, [.]. MORE
In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will Saudi Arabia Capture Market Share Downstream? MORE
So even though Saudi Arabia has refused to constrain its production to. Gasoline prices, which fell below $2 a gallon in many parts of the United States over the winter, have been slowly rising again. And given the supply-and-demand equations in the global oil industry, that means that demand has risen as supplies have stayed steady or fallen. Green Gasoline India fuel consumption oil supply and demand MORE
Saudi Arabia continues to ratchet up production, taking market share away from US shale producers. According to OPEC's latest monthly oil report , Saudi Arabia boosted its oil output to 10.31 Saudi Arabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. In other words, as Saudi Arabia ramps up, US shale is being forced to cut back. by James Stafford of Oilprice.com. MORE
A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. MORE
The Dow Chemical Company plans to invest in a best-in-class manufacturing facility for Dow FILMTEC reverse osmosis (RO) elements in the Kingdom of Saudi Arabia. The proposed facility would deliver local supply security of advanced technologies for water desalination and water re-use for potable, non-potable and industrial water serving Saudi Arabia, the surrounding Middle East and North Africa region and emerging markets worldwide. MORE
Saudi Arabia is probably the last place you’d expect to see a concerted shift towards emission free motoring - after all, the Kingdom is the world’s leading oil producer and exporter. Tags: Electric cars Elektromotive Green cars Latest news charging points electric car charging points Elektrobays Saudi Arabia MORE
Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude-oil-to-chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution of the Front End Engineering Design (FEED) before a final investment decision is made. The project will, therefore, help achieve the respective growth ambitions of Sabic and Saudi Aramco and further establishes the Kingdom as one of the pioneers in the petrochemicals industry. MORE
A new statistical method developed by researchers at KAUST (King Abdullah University of Science and Technology, Saudi Arabia) can detect abnormal ozone levels within large bodies of monitored data. Sun and her colleagues also hope to apply their data analysis techniques to dust pollution, another major environmental issue in Saudi Arabia. MORE
Why is it that we expect OPEC (and since Saudi Arabia is the only producer with the substantial ability to ratchet up and down production, we really are talking about Saudi Arabia) to cut output in order to help out American oil producers? MORE
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. Saudi August crude exports could fall to around 6.6 by Cyril Widdershoven for Oilprice.com. MORE
Oil-rich Saudi Arabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. oil Middle East energy policy transportation policy Saudi ArabiaThe Middle Eastern kingdom is now preparing for that eventually, socking away money for a post-oil economy. The government is creating a Public Investment Fund that will eventually control $2. MORE
oil plug-in cars Saudi Arabia ExxonJust over five years after the first modern electric cars went on sale in significant numbers, they have become firmly entrenched in the marketplace. Carmakers are planning more electric models to satisfy both consumer demand and increasingly-strict emissions standards. But do the interests behind oil production see electric cars as a threat to. MORE
Saudi Arabia may be one of the most oil-rich nations on the planet, but even this Middle Eastern country is planning to cut its carbon emissions. That's because as other countries work to reduce oil consumption, the Saudi government is worried about what effect efforts to combat climate change will have on its national economy. Green Middle East Saudi Arabia emissions energy policy oil transportation policy MORE
Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. It’s hard to measure costs when this oil has to pay for all the luxuries of the Saudi royal family. MORE
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. MORE
Highlights from the 2015 ranking include: Saudi Aramco tightened its already firm hold on the Nº 1 spot for the 27 th consecutive year as the most resource-rich national oil company. The Top 10 companies in this year’s rankings are: Saudi Aramco, Saudi Arabia. MORE
Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. MORE
Oil-rich Saudi Arabia is now starting to contemplate a future in which gasoline and diesel now longer power the majority of the world's cars. It's part of a plan known as "Vision 2030" that Saudi Arabia. oil Middle East energy policy transportation policy Saudi ArabiaOver the next decade and a half, it hopes to transition its economy away from oil, largely by investing today's oil revenues in other industries. MORE
billion barrels) in the world with only 19% of Canada’s reserves and 12% of Saudi Arabia’s reserves. For all the fanfare about the US surpassing Saudi Arabia in production of crude oil, we are not even players in reserves. by Arthur E. Berman for Oilprice.com. MORE
This is a delicate balancing act that the Saudis need to play very carefully. The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices? Saudi Arabia. MORE
The Aramco Research Center-Detroit was inaugurated as one of three US-based research and development (R&D) centers aimed at expanding the global research capabilities of Saudi Aramco, the leading global integrated energy and chemicals company. Nasser, President and CEO, Saudi Aramco. Aramco’s other research facilities are located in Aberdeen; Delft, The Netherlands; Daejeon, Korea; Paris; and Beijing; as well as Dhahran and Thuwal, Saudi Arabia. MORE
China Petrochemical Corporation (Sinopec Group) and Saudi Aramco recently signed the joint venture agreement related to the ongoing development of Yanbu Aramco Sinopec Refining Company (YASREF) Limited, formerly the Red Sea Refining Company. The joint venture agreement follows a Memorandum of Understanding (MOU) between Saudi Aramco and Sinopec in March 2011. in YASREF, with Saudi Aramco holding the remaining 62.5%. MORE
One other factor that could tighten oil markets over the long-term is the fact that Saudi Arabia has churned through much of its spare capacity. As one of the only countries that can ramp up latent oil capacity within just a few weeks, Saudi Arabia’s spare capacity is crucial to world oil market stability. So while Saudi Arabia is currently flooding the market with crude, it has exhausted its spare capacity, leaving few tools to come to the rescue in a pinch. MORE
The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria have consistently been America’s five largest crude oil suppliers, although their rankings varied from year to year. MORE
After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC. Apart from being the largest exporter of the total petroleum liquids in the world, Saudi Arabia is also the main driving force behind the cartel''s stubborn supply policy. MORE
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. MORE
The Dow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) will form a joint venture (JV) to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Kingdom of Saudi Arabia. Sadara will become an equal joint venture between Saudi Aramco and Dow after an initial public offering. This project represents a key milestone in Saudi Aramco’s ambitious downstream growth strategy. MORE
DON'T MISS: Even Saudi Arabia vows to end its. oil Middle East energy policy United Arab Emirates Saudi ArabiaCheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens. MORE
million barrels per day (b/d) in June, up 170,000 b/d from May and the fourth consecutive monthly increase since February, as Saudi Arabia and Iraq pushed out more oil, a Platts survey of OPEC and oil industry officials and analysts showed Monday. Top producer, Saudi Arabia, driver of the oil producer group’s current market share strategy, further increased its output to produce an average 10.35 MORE
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year or two.” The Saudis Expected a Hole, Not a Bottomless Pit. MORE
million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. OPEC’s 300,000-barrel-per-day output rise in June, boosted by fragile recoveries in Libya and Nigeria, and the unrelenting rise in Iran and the increase in Saudi Arabia, sends a strong message over its unwavering market share strategy. MORE
Saudi Arabia Related Topics Green Car Reports
APRIL 27, 2016
Oil-rich Saudi Arabia is now starting to contemplate a future in which gasoline and diesel now longer power the majority of the world's cars. It's part of a plan known as "Vision 2030" that Saudi Arabia. oil Middle East energy policy transportation policy Saudi ArabiaOver the next decade and a half, it hopes to transition its economy away from oil, largely by investing today's oil revenues in other industries.
Green Car Reports
NOVEMBER 18, 2015
Saudi Arabia may be one of the most oil-rich nations on the planet, but even this Middle Eastern country is planning to cut its carbon emissions. That's because as other countries work to reduce oil consumption, the Saudi government is worried about what effect efforts to combat climate change will have on its national economy. Green Middle East Saudi Arabia emissions energy policy oil transportation policy
Green Car Reports
APRIL 5, 2016
Oil-rich Saudi Arabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. oil Middle East energy policy transportation policy Saudi ArabiaThe Middle Eastern kingdom is now preparing for that eventually, socking away money for a post-oil economy. The government is creating a Public Investment Fund that will eventually control $2.
Green Car Congress
MAY 13, 2015
Saudi Arabia continues to ratchet up production, taking market share away from US shale producers. According to OPEC's latest monthly oil report , Saudi Arabia boosted its oil output to 10.31 Saudi Arabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. In other words, as Saudi Arabia ramps up, US shale is being forced to cut back. by James Stafford of Oilprice.com.
Green Car Congress
SEPTEMBER 13, 2017
A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S.
Green Car Reports
JANUARY 29, 2018
Energy Secretary Rick Perry signed an agreement with Saudi Arabian officials to research "carbon capture" technology for fossil fuels, the Department of Energy announced. Perry and Khalid Al Falih, the Saudi Minister of Energy, Industry, and Mineral Resources, signed a memorandum of understanding to "establish a framework for. emissions global warming climate change carbon dioxide Saudi Arabia fossil fuelsLast month, U.S.
Green Car Congress
JULY 31, 2011
The Dow Chemical Company plans to invest in a best-in-class manufacturing facility for Dow FILMTEC reverse osmosis (RO) elements in the Kingdom of Saudi Arabia. The proposed facility would deliver local supply security of advanced technologies for water desalination and water re-use for potable, non-potable and industrial water serving Saudi Arabia, the surrounding Middle East and North Africa region and emerging markets worldwide.
Green Car Congress
JULY 30, 2009
King Abdullah University of Science and Technology ( KAUST ), a new graduate-level research university located in Thuwal, Saudi Arabia, has commissioned UK-based Elektromotive to install 150 Elektrobay charging stations across its campus by September 2009—one of the largest single EV infrastructure deals so far.
Green Car Reports
OCTOBER 8, 2012
Renewable energy, especially solar, is making inroads into the U.S. power grid, but it's a very slow process. And especially in the wake of the Solyndra collapse, it's one fraught with political wrangling. But there's another country that plans to invest heavily in solar power, hoping to provide fully 30 percent of its energy needs from the sun in
Green Car Reports
AUGUST 4, 2016
DON'T MISS: Even Saudi Arabia vows to end its. oil Middle East energy policy United Arab Emirates Saudi ArabiaCheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens.
Green Car Reports
JULY 9, 2014
Whether you call them fuel-economy standards or carbon-emission limits, new vehicles sold in North America, Europe, China, and elsewhere are subject to regulations that will require them to get more energy-efficient. Now, another country is discussing new regulations that would require both new and imported used vehicles to meet minimum gas
Green Car Reports
SEPTEMBER 1, 2016
oil plug-in cars Saudi Arabia ExxonJust over five years after the first modern electric cars went on sale in significant numbers, they have become firmly entrenched in the marketplace. Carmakers are planning more electric models to satisfy both consumer demand and increasingly-strict emissions standards. But do the interests behind oil production see electric cars as a threat to.
Green Car Reports
JULY 23, 2015
oil Middle East energy policy United Arab Emirates Saudi ArabiaGlobal oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy. DON'T MISS: IMF: Fossil Fuels.
Green Car Congress
NOVEMBER 20, 2016
Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. The decision to bring such important data to light comes as Saudi Aramco is preparing to partially privatize its assets, an IPO that could bring in some $100 billion. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But nobody knows except the Saudis.
Green Cars News
JUNE 14, 2011
Green cars Latest news crude oil prices fuel efficient car prices fuel efficient cars Kelley Blue Book Kelley Blue Book prices Saudi ArabiaWith petrol prices starting to fall, so at last are the prices for fuel efficient vehicles. According to Kelley Blue Book’s kbb.com, prices increased close to 25 per cent through 20 weeks of consecutive gains. However, values for fuel efficient used vehicles have now peaked as for the first time since January, values for compact, [.].
Green Car Congress
AUGUST 12, 2015
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.
Green Car Congress
JULY 28, 2015
In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will Saudi Arabia Capture Market Share Downstream?
Green Car Congress
NOVEMBER 18, 2015
Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. lately due to increased competition from Saudi Arabia. by Nick Cunningham of Oilprice.com.
Green Car Congress
AUGUST 25, 2016
This is a delicate balancing act that the Saudis need to play very carefully. The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices? Saudi Arabia.
Green Car Reports
JANUARY 10, 2015
Located between Israel and Saudi Arabia, Jordan isn''t generally thought of in connection with electric cars, but its government hopes to change that with a combination of incentives and infrastructure buildup. Jordan may soon join the list of countries that heavily promote electric cars.
Green Car Reports
MAY 20, 2016
So even though Saudi Arabia has refused to constrain its production to. Gasoline prices, which fell below $2 a gallon in many parts of the United States over the winter, have been slowly rising again. And given the supply-and-demand equations in the global oil industry, that means that demand has risen as supplies have stayed steady or fallen. Green Gasoline India fuel consumption oil supply and demand
Green Car Congress
JANUARY 22, 2015
billion barrels) in the world with only 19% of Canada’s reserves and 12% of Saudi Arabia’s reserves. For all the fanfare about the US surpassing Saudi Arabia in production of crude oil, we are not even players in reserves. by Arthur E. Berman for Oilprice.com.
Green Car Congress
NOVEMBER 28, 2017
Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude-oil-to-chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution of the Front End Engineering Design (FEED) before a final investment decision is made. The project will, therefore, help achieve the respective growth ambitions of Sabic and Saudi Aramco and further establishes the Kingdom as one of the pioneers in the petrochemicals industry.
Green Car Congress
MARCH 28, 2012
The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria have consistently been America’s five largest crude oil suppliers, although their rankings varied from year to year.
Green Car Congress
FEBRUARY 25, 2016
Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. It’s hard to measure costs when this oil has to pay for all the luxuries of the Saudi royal family.
Green Car Congress
AUGUST 25, 2015
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil.
Green Car Congress
NOVEMBER 13, 2016
A new statistical method developed by researchers at KAUST (King Abdullah University of Science and Technology, Saudi Arabia) can detect abnormal ozone levels within large bodies of monitored data. Sun and her colleagues also hope to apply their data analysis techniques to dust pollution, another major environmental issue in Saudi Arabia.
Green Car Congress
NOVEMBER 14, 2015
The Aramco Research Center-Detroit was inaugurated as one of three US-based research and development (R&D) centers aimed at expanding the global research capabilities of Saudi Aramco, the leading global integrated energy and chemicals company. Nasser, President and CEO, Saudi Aramco. Aramco’s other research facilities are located in Aberdeen; Delft, The Netherlands; Daejeon, Korea; Paris; and Beijing; as well as Dhahran and Thuwal, Saudi Arabia.
Green Car Congress
AUGUST 13, 2015
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year or two.” The Saudis Expected a Hole, Not a Bottomless Pit.
Green Car Congress
OCTOBER 29, 2015
Why is it that we expect OPEC (and since Saudi Arabia is the only producer with the substantial ability to ratchet up and down production, we really are talking about Saudi Arabia) to cut output in order to help out American oil producers?
Green Car Congress
MAY 23, 2016
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. by Rakesh Upadhyay for Oilprice.com.
Green Car Congress
SEPTEMBER 2, 2015
Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce.
Green Car Congress
JULY 7, 2015
million barrels per day (b/d) in June, up 170,000 b/d from May and the fourth consecutive monthly increase since February, as Saudi Arabia and Iraq pushed out more oil, a Platts survey of OPEC and oil industry officials and analysts showed Monday. Top producer, Saudi Arabia, driver of the oil producer group’s current market share strategy, further increased its output to produce an average 10.35
Green Car Congress
JULY 11, 2016
million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. OPEC’s 300,000-barrel-per-day output rise in June, boosted by fragile recoveries in Libya and Nigeria, and the unrelenting rise in Iran and the increase in Saudi Arabia, sends a strong message over its unwavering market share strategy.
Green Car Congress
APRIL 10, 2015
After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC. Apart from being the largest exporter of the total petroleum liquids in the world, Saudi Arabia is also the main driving force behind the cartel''s stubborn supply policy.
Green Car Congress
NOVEMBER 16, 2015
Highlights from the 2015 ranking include: Saudi Aramco tightened its already firm hold on the Nº 1 spot for the 27 th consecutive year as the most resource-rich national oil company. The Top 10 companies in this year’s rankings are: Saudi Aramco, Saudi Arabia.
Green Car Congress
JANUARY 19, 2012
China Petrochemical Corporation (Sinopec Group) and Saudi Aramco recently signed the joint venture agreement related to the ongoing development of Yanbu Aramco Sinopec Refining Company (YASREF) Limited, formerly the Red Sea Refining Company. The joint venture agreement follows a Memorandum of Understanding (MOU) between Saudi Aramco and Sinopec in March 2011. in YASREF, with Saudi Aramco holding the remaining 62.5%.
Green Car Congress
AUGUST 7, 2015
One other factor that could tighten oil markets over the long-term is the fact that Saudi Arabia has churned through much of its spare capacity. As one of the only countries that can ramp up latent oil capacity within just a few weeks, Saudi Arabia’s spare capacity is crucial to world oil market stability. So while Saudi Arabia is currently flooding the market with crude, it has exhausted its spare capacity, leaving few tools to come to the rescue in a pinch.
Green Car Congress
JULY 25, 2011
The Dow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) will form a joint venture (JV) to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Kingdom of Saudi Arabia. Sadara will become an equal joint venture between Saudi Aramco and Dow after an initial public offering. This project represents a key milestone in Saudi Aramco’s ambitious downstream growth strategy.
Green Car Congress
JULY 16, 2017
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. Saudi August crude exports could fall to around 6.6 by Cyril Widdershoven for Oilprice.com.
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