Aramco’s move follows Brent oil jumping above $93 a barrel Prices climbing with demand strong and supply disruptions Saudi Arabia raised oil prices for customers in Asia, the U.S., and Europe after crude’s surge to […]
RIYADH: Two Saudi universities have signed an agreement to combine their capabilities and resources to help realize the Kingdom’s ambitions in the fields of atomic and renewable energy. The deal, between King Abdulaziz City for Science […]
ENB Publishers Note: We covered this story last year when Saudi Arabia produced their budgets for the next several years. It is clear they are not wanting to lower prices. In fact, if you look […]
Skip to sub-navigation January 4, 2022 Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a […]
ENB Publishers Note: The King Operating Research team has forecasted $125 to $135 through 2023. This forecast is based upon several key indices around Russia and Saudi Arabia’s budget forecasts. Both budgets are based upon […]
Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading toward a phase that could be dangerous if there’s not enough […]
ENB Publishers Note: Saudi Arabia has announced their budgets over the next few years and they will require $125 to $150 oil to hit the projected budget surplus. So they are not really interested in […]
The oil producers’ group OPEC+ will likely take a cautious stance when deciding this coming week whether to go ahead with planned output increases after the emergence of a new coronavirus variant sent crude prices […]
ENB Publishers Note: Releasing oil from the STRs of multiple countries will have an inverse effect on the long-term markets. Releasing the STRs that were purchased at lower price points will give the countries that […]
The world is in an energy crisis. Now that we got that obvious statement out of the way. We got here from 20 + years of bad world energy policies. Understanding what happened and what […]
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