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Saudi Arabia

Saudi Arabia
Crude Oil News

Oil up as Saudi Arabia and Russia stick to supply cuts

November 7, 2023 Mariel Alumit

Yahoo Finance (Bloomberg) — Oil gained after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through the end of the year. West Texas Intermediate […]

geoeconomics
Energy Crisis

In the rapidly shifting world of geoeconomics, the Rest is getting tired of the West

November 6, 2023 Mariel Alumit

If you have not heard about the rise of geopolitics over the past year, where have you been hiding? So now I want to complicate your lives further and introduce you to its lesser-known but […]

Crude Oil News

Daily Energy Standup Episode #240 – Offshore Wind Challenges, Geopolitical Conflicts, and Market Trends

October 30, 2023 Andy Del Prado

Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion […]

Crude Oil News

Middle Eastern conflicts often lead to high oil prices and recessions

October 28, 2023 Mariel Alumit

Since the appalling attack on Israel by Hamas terrorists on 7 October, oil prices have been volatile. Historically, conflicts in the Middle East have had a major impact on oil prices, from the price shocks […]

Saudi Arabia
Geopolitical

Saudi Arabia warns US of ‘catastrophic’ consequences – NYT

October 28, 2023 Mariel Alumit

Arab leaders have urged for a ceasefire to halt fighting between Israel and Hamas Saudi Arabia has voiced grave concerns to US officials over Israel’s impending ground assault on Gaza, saying the incursion could be […]

OPE
Big Oil Companies

Finally, big oil consuming nations see rationale for new oil and gas investments

October 27, 2023 Mariel Alumit

In recent years, inconsistent investment policies within the oil sector led to instability in the energy markets. The OPEC+ group firmly believe in a dual approach of ramping up investments in the oil and gas […]

International News

Saudi Prince says Exxon, Chevron megadeals show oil is here to stay

October 26, 2023 Mariel Alumit

World Oil (Bloomberg) – Oil is here to stay as U.S. majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in […]

Big Oil Companies

Saudi Prince Says US Megadeals Show Oil Here to Stay: FII Update

October 24, 2023 Mariel Alumit

Oil is here to stay as US majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in Riyadh. “It’s working,” Energy […]

Crude Oil News

Saudi Arabia’s Crude Oil Exports Slumped To 28-Month Low In August

October 17, 2023 Mariel Alumit

By Charles Kennedy of OilPrice.com Saudi Arabia’s crude exports plunged to a 28-month low in August as the world’s largest crude oil exporter continued to cut its production to “stabilize” the market, data from the […]

Israel
Geopolitical

Israel-Hamas Conflict: Stakes High for Saudi Arabia

October 16, 2023 Mariel Alumit

Saudi Arabia’s talks with the US about normalizing its ties with Israel have been thrown into the deep freeze by the outbreak of violent conflict between Israel and the Gaza-based Palestinian militant group Hamas, which is backed […]

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