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HomeSaudi Arabia

Saudi Arabia

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 […]

Russia
Crude Oil News

Russia And Saudi Arabia Are Battling For Oil Market Share In Asia

August 26, 2022 Mariel Alumit

Russia has been sending huge volumes of cheap crude to Asia in recent months, but Saudi Arabia is now eating into this new market share by reducing its oil prices. A combination of India importing […]

Saudi Arabia's
Crude Oil News

Saudi Minister Takes Aim at Market Volatility

August 23, 2022 Mariel Alumit

Saudi Arabia’s energy minister has said that all options are on the table for Opec-plus, as it seeks to calm a “yo-yo” oil market that he views as a threat to energy security and the […]

India, The Rising Power, Is Seeking Oil From The Middle East And Russia
Crude Oil News

India, Is Seeking Oil From The Middle East And Russia To Get Power To The People

August 21, 2022 Mariel Alumit

India, the world’s most populous country, sourced 52.7% of its oil imports from the Middle East. India’s volume of oil consumption increased – doubling since 2012. The world’s most populous democracy is searching for ways to satiate […]

Jamie Dimon: “The Cold War Is Back” And Commodity Turmoil Could Get “Much Worse”
ENB Contributor Column

What is happening to Oil and Gas prices today? Well, we look at the data, trends, China’s housing issues, and geopolitical issues.

August 20, 2022 Jay R. Young

Many people know me as a “Perma Bull” on the commodities prices of oil and gas. There is a real reason for my opinions, and that involves data. It is tough working in the oil […]

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