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SAUDI ARABIA BREAKING NEWS
Chevron seeks improved terms in Iraq talks before taking over Lukoil oilfield - sources
A Chevron logo at the Chevron building in Houston, Texas, U.S. August 19, 2025. REUTERS/Kaylee Greenlee BASRA/LONDON, Jan 28 (Saudi Arabia Breaking News) – U.S. oil major Chevron is seeking improved contractual terms from Iraq as a condition for taking over the giant West Qurna 2 oilfield from Russia’s Lukoil, three sources familiar with the matter said. Iraq nationalised the oilfield earlier this month after the United States imposed sanctions on Lukoil linked to the war in
1 day ago1 min read
Saudi Aramco and Sonatrach Raise December LPG Prices by 3–5%
RIYADH, December 2, 2025 (Saudi Arabia Breaking News) – Saudi Aramco and Algeria’s Sonatrach have raised their official selling prices (OSPs) for liquefied petroleum gas (LPG) for December by between 3.3% and 5.4% due to limited global supply, traders said. Saudi Aramco increased its December OSP by $20 per metric ton to $495 per ton for propane, and by $25 per ton to $485 per ton for butane. Propane and butane are forms of LPG with different boiling points. LPG is used as ve
Dec 2, 20251 min read
Saudi Arabia, Iraq, and Kuwait Boost Crude Oil Supplies to India as Refiners Shift from Russian Imports
📷REUTERS RIYADH, November 11, 2025 (Saudi Arabia Breaking News) – Middle Eastern oil producers Saudi Arabia, Iraq, and Kuwait are set to increase crude oil supplies to India in December as Indian refiners seek alternatives to Russian barrels, sources at four Indian refining companies said on Tuesday. The rise in demand for Middle Eastern crude follows a reduction in Russian imports by Indian refiners amid tightening Western sanctions, allowing OPEC producers to reclaim a lar
Nov 11, 20252 min read
OPEC+ expected to approve small increase in oil output target – sources
📷 A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk Vienna, November 3 (Saudi Arabia Breaking News) – OPEC+ is set to approve a modest rise in oil production targets for December, according to three sources familiar with the ongoing discussions, as the producers’ group takes a cautious approach amid rising concerns about a potential supply surplus. The 23-member group, led by Saudi Arabia and Russia, h
Nov 2, 20252 min read
Energy Exhibit at Ithra Highlights Saudi Arabia’s Oil Heritage and Future Innovations
📷SPA Dhahran, September 18, 2025 (Saudi Arabia Breaking News) – The Energy Exhibit at the King Abdulaziz Center for World Culture...
Sep 18, 20251 min read
OPEC Secretary General Marks 65th Anniversary, Says Oil to Remain Vital for Decades
Vienna, September 14, 2025 (Saudi Arabia Breaking News) – OPEC Secretary General Haitham Al Ghais said on Sunday that the Organization of...
Sep 14, 20251 min read
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