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HomeSaudi Arabia

Saudi Arabia

​OPEC+
Crude Oil News

OPEC+ Delegates Expect February Panel to Recommend Steady Output

January 25, 2023 Mariel Alumit

​OPEC+ delegates said they expect an advisory committee of ministers to recommend keeping oil production levels unchanged when they meet next week amid a tentative recovery in global demand. Saudi Arabia and its partners will […]

Saudi Arabia
Financial Crisis

Dollar Hegemony, Saudi Arabia, Oil, and Ron Paul

January 20, 2023 Mariel Alumit

Authored by Adam Dick via The Ron Paul Institute, Interviewed Tuesday at Bloomberg, Saudi Arabia Finance Minister Mohammed Al-Jadaan indicated that Saudi Arabia would be open to conducting trade, including involving oil, in various currencies […]

audi Arabia Says open to settling Trade in other Currencies
Crude Oil News

Saudi Arabia Says Open to Settling Trade in Other Currencies – Another blow to the U.S. Dollar

January 19, 2023 Mariel Alumit

Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister. “There are no issues with discussing how we settle our trade arrangements, whether it […]

Aljazeera International

Iran’s top diplomat says talks with Saudis could restore ties

January 14, 2023 Mariel Alumit

Iranian foreign minister Hossein Amir-Abdollahian has expressed hope that diplomatic ties between Tehran and Riyadh could be restored through dialogue between the two regional rivals. Saudi Arabia cut ties with Iran in January 2016 after […]

Energy
Hydrogen

Saudi, UK ministers discuss clean hydrogen, renewable energy cooperation

January 13, 2023 Mariel Alumit

RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman held a meeting with British Secretary of State for Business, Energy and Industrial Strategy Grant Shapps in Riyadh on Thursday. The two parties discussed prospects […]

Electric
Rare Earth Minerals

Ivanhoe Electric ties up with Saudi Arabia’s Ma’aden

January 11, 2023 Mariel Alumit

​ Ivanhoe Electric (NYSE America, TSX: IE), the latest endeavour of mining magnate Robert Friedland, is joining forces with Saudi Arabian miner Ma’aden to explore for metals considered key for the world’s energy transition. The companies are […]

Saudi
Crude Oil News

Closing Bell: Saudi stock exchange recovers 110 points as oil prices fuel rally

January 9, 2023 Mariel Alumit

RIYADH: Saudi Arabia’s Tadawul All Share Index marked a pronounced recovery as it rose 110.27 points — or 1.05 percent — on Monday to close at 10,647.18 following the surge in oil prices encouraged by […]

Oil
Crude Oil News

OPEC’s Oil Production Rises By 120,000 Bpd In December

January 4, 2023 Mariel Alumit

Rebound in Nigerian production sends OPEC production higher in December. The group of producers noted a 120,000 bpd rise in production last month according to Reuters. In December, OPEC pumped 29 million bpd. A rebound […]

China
International News

China Starts Work On The World’s Largest Desert-Based Renewable Energy Project

January 3, 2023 Mariel Alumit

China has broken ground on a renewable energy project worth an estimated $11 billion in the province of Inner Mongolia. According to a Bloomberg report, the project will have a capacity of 16 GW and produce […]

Countries
Uncategorized

20 Countries that Have the Largest Oil Reserves in the World Heading into 2023

December 30, 2022 Mariel Alumit

In this piece, we will take a look at the 20 countries that have the largest oil reserves in the world heading into 2023. For more countries, head on over to 5 Countries That Have the […]

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