The U.S. policy of stopping Iran from exporting oil suffered a setback after a United Arab Emirates sheikh laid claim to a cargo that Washington seized and alleged is from the Islamic Republic. A company […]
The Gulf Cooperation Council’s borrowing requirements could drop to $10 billion over the next three years from about $270 billion, if oil prices continue to stay elevated, according to Goldman Sachs Group Inc. If prices for […]
A big unilateral cut by Saudi Arabia enabled Opec-plus to post the highest compliance rate so far with the oil production cuts it began implementing last May. The Saudis lowered their production by 979,000 barrels […]
India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third-biggest oil […]
Saudi Arabia said one of the most protected crude facilities in the world came under missile attack on Sunday, in a clear escalation of hostilities that sent oil prices surging. The drone and missile attacks […]
Saudi Arabia raised pricing for its crude for shipment to Asia and the U.S. next month after OPEC + extended oil supply constraints, pointing to a tightening physical market. The world’s biggest crude exporter is boosting April pricing […]
Energy News Beat Publishers Note: Great Job Saudi Arabia for taking the lead on the OPEC + decisions. Showing again that Saudi Arabia is in the Oil market for the long haul. Saudi stocks rose […]
Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global hub for green hydrogen. As governments and industries seek […]
International oil prices rose after OPEC and its allies ignored India’s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the […]
Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global energy map in the last decade, are never coming back. By keeping a tight grip on supply […]
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