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HomeSaudi Arabia

Saudi Arabia

Crude Oil News

Saudi Energy Minister Abdulaziz bin Salman discusses OPEC+ decision to cut oil production

October 8, 2022 Mariel Alumit

    CNBC’s Brian Sullivan sits down with Saudi Arabia’s Prince Abdulaziz bin Salman to discuss the decision from OPEC+ to cut oil production, a move that has sparked intense criticism from the White House. […]

U.S.
Crude Oil News

U.S. delivers angry rebuke of massive OPEC+ production cut — and it could backfire for Saudi Arabia

October 6, 2022 Mariel Alumit

Energy analysts believe deep production cuts from OPEC+ could yet backfire for U.S. ally Saudi Arabia. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by […]

Saudi Arabia
Crude Oil News

Saudi Arabia to discuss Investment in Africa with large Energy Delegation including Ministry, Saudi Basic Industries Corporation (SABIC), ARAMCO to Africa Energy Week in Cape Town

October 3, 2022 Mariel Alumit

With Africa seeking to maximize the exploitation of its entire resource base including oil, gas, coal and renewable energy for a secure and sustainable energy mix that will support the continent’s efforts to accelerate electrification […]

Germany
Crude Oil News

Germany Scrambles To Improve Relations With Energy Exporters

October 3, 2022 Mariel Alumit

Germany has approved a string of new arms deals with Saudi Arabia. The weapons export deals come at a time when Germany is scrambling to boost relations with energy exporting countries. The loss of Russian […]

Aramco
Climate Crisis

Aramco CEO says current energy transition plan not credible

September 22, 2022 Mariel Alumit

Aramco president and CEO Amin Nasser highlighted the need for a much more credible energy transition plan, as he delivered a keynote speech at the Schlumberger Digital Forum. During the event, he stressed the importance […]

Saudi
Crude Oil News

Saudi oil output hit 11 million barrels a day last month

September 13, 2022 Mariel Alumit

(Bloomberg) — Saudi Arabia told OPEC that it raised its crude production to just over 11 million barrels a day last month, exceeding the symbolic level for the first time in two years as the […]

Global
Crude Oil News

Global Energy Employment Above Pre-Covid Numbers, O&G Still Lagging

September 12, 2022 Mariel Alumit

Global employment in the energy sector has risen above its pre-pandemic levels, led by increased hiring in clean energy, the International Energy Agency (IEA) said in its latest report. In its World Energy Employment Report, […]

Saudi
International News

Saudi wealth fund to issue green bonds as soon as next week: Reuters

September 9, 2022 Mariel Alumit

DUBAI: Saudi Arabia’s $620 billion sovereign wealth fund is expected to tap international debt markets for a debut green bonds issue as soon as next week, five sources familiar with the matter told Reuters. The Public Investment […]

Saudi Energy
Crude Oil News

Q&A: Saudi Energy Minister Explains Supply Cut

September 8, 2022 Mariel Alumit

In an interview with Energy Intelligence on Tuesday, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman elaborated on the thinking behind Opec-plus’ latest policy decisions and his outlook on global oil markets. Below is a […]

Global oil and gas
Crude Oil News

Global oil and gas exploration shrinks as companies shift focus to lower-risk core assets and regions

September 8, 2022 Mariel Alumit

Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of […]

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