HIGHLIGHTS More investment needed in existing oil projects: energy minister Huge shortfall of oil products due to lack of refining capacity Progress on Neutral Zone fields, working Durra development Saudi Arabia’s crude production capacity is […]
Firm’s net income rose to almost $40 billion in first-quarter Aramco follows Big Oil rivals such as BP with bumper earnings Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged […]
Capex declines to $7.6 bil from $8.2 bil in Q1 2021 Aramco to continue spending increase by middle of decade Aramco is expanding oil production capacity to 13 mil b/d by 2027 Saudi Aramco, the […]
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 […]
January 25, 2022 Source: Graph created by the U.S. Energy Information Administration, based on data from International Energy Statistics and Rystad Saudi Arabia’s dry natural gas production reached an average of 11 billion cubic feet […]
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 […]
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 […]
This weekend it is great fun watching the G20 leadership talking about climate change, and how we need to impose the will of the industrialized nations upon the rest of the world. African countries have […]
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s […]
ENB Publishers Note: You have to hand it to Saudi Arabia, taking the lead to increase oil prices, start a consortium with Russia for natural gas and get into the driver’s seat for Blue Hydrogen. […]
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