Saudi Tanker, Another Oil Ship Attacked In Red Sea, Sources Say
PARIS – Two oil tankers, the Saudi-flagged Amjad and Panama-flagged Blue Lagoon I, were attacked on Monday in the Red Sea off Yemen, two...
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SAUDI ARABIA BREAKING NEWS
- Aug 6
Aramco CEO expects demand growth of 1.6-2 mln bpd in second half
PARIS – Saudi Aramco Chief Executive Amin Nasser said on Tuesday he expected oil demand growth of between 1.6 and 2 million barrels per...
SAUDI ARABIA BREAKING NEWS
- Aug 5
Oil prices drop as US recession fears spark broader selloff
PARIS – Oil futures extended losses in a volatile session on Monday as fears of a recession in top oil consumer the United States offset...
SAUDI ARABIA BREAKING NEWS
- Jul 31
OPEC+ likely to stick to output policy at Aug 1 JMMC meeting
PARIS – An OPEC+ panel is unlikely this week to make any changes to its current deal to cut production and to start unwinding some cuts...
SAUDI ARABIA BREAKING NEWS
- Jun 25
Saudi Arabia Launches Groundbreaking Geographic Survey Project for Renewable Energy Sites
The Kingdom of Saudi Arabia has embarked on a pioneering Geographic Survey Project aimed at identifying and measuring potential renewable...
SAUDI ARABIA BREAKING NEWS
- May 31
Saudi Arabia's New Aramco Share Sale: A Strategic Financial Move to Raise $13.1 Billion
Saudi Arabia has once again turned to its state oil giant, Saudi Aramco, to bolster its economic diversification efforts. On Thursday,...
SAUDI ARABIA BREAKING NEWS
- May 31
Saudi Arabia to sell 0.64% Aramco stake
PARIS, France – Saudi Arabia is selling a 0.64% stake in oil giant Aramco as the kingdom pushes ahead with Crown Prince Mohammed bin...
SAUDI ARABIA BREAKING NEWS
- May 9
Goldman Sachs sees OPEC+ unlikely to raise production at the June meeting
Goldman Sachs on Wednesday said they no longer expect OPEC+ to announce a partial unwind of voluntary production cuts in June. The bank...
SAUDI ARABIA BREAKING NEWS
- Feb 1
OPEC And Saudi Spare Oil Production Capacity
Saudi Arabia’s government on Tuesday ordered state oil company Saudi Aramco to halt its oil expansion plan and to target a maximum...
SAUDI ARABIA BREAKING NEWS
- Jan 9
King Abdullah University of Science and Technology Unveils Groundbreaking Discovery of Massive Hydrothermal Vent Fields in the Red Sea
In a landmark scientific breakthrough, researchers at the King Abdullah University of Science and Technology (KAUST) have uncovered the...
SAUDI ARABIA BREAKING NEWS
- Dec 5, 2023
Unlocking the Potential: Global Leaders Commit to Triple Nuclear Energy Capacity by 2050 at COP28
In an unprecedented move amidst the 28th Conference of the Parties (COP28), world leaders gathered at the Rove Hotel in Dubai to endorse...
SAUDI ARABIA BREAKING NEWS
- Dec 4, 2023
Russian President Vladimir Putin's Diplomatic Outreach in the Middle East Amidst OPEC+ Developments
Paris, December 4, 2023 In a notable diplomatic move, Russian President Vladimir Putin is set to embark on a visit to the United Arab...
SAUDI ARABIA BREAKING NEWS
- Nov 20, 2023
Saudi Aramco's Discovery of Natural Gas Fields in the Empty Quarter Unveils Energy Potential
In a significant announcement, Minister of Energy HRH Prince Abdulaziz bin Salman bin Abdulaziz revealed that the Saudi Arabian Oil...
SAUDI ARABIA BREAKING NEWS
- Sep 28, 2023
Turkey’s BOTAS To Begin Gas Exports To Romania
Turkey’s state gas grid operator BOTAS signed a deal to supply up to 1.5 billion cubic metres (bcm) of natural gas to Romania’s OMV...
SAUDI ARABIA BREAKING NEWS
- Sep 19, 2023
Saudi Energy Minister Says OPEC+ Cuts Were Needed To Stabilize Oil Market
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on Monday defended OPEC+ cuts to oil market supply, saying international...
SAUDI ARABIA BREAKING NEWS
- Sep 6, 2023
Putin, Saudi's Prince: Oil Supply Cuts Ensure Stable Energy Market - Kremlin
The Kremlin on Wednesday said that Russian President Vladimir Putin had spoken by phone with Saudi Crown Prince Mohammed bin Salman and...
SAUDI ARABIA BREAKING NEWS
- Jul 13, 2023
Saudi Arabia's PIF Signs MoU With France's Engie - Tweet
PARIS - Saudi Arabia's Public Investment Fund (PIF) on Thursday signed a memorandum of understanding (MoU) with French energy company...
SAUDI ARABIA BREAKING NEWS
- Jul 10, 2023
Kuwait, Saudi Arabia Have 'Exclusive Rights' In Durra Gas Field, Kuwait Oil Minister Say
PARIS - Kuwait and Saudi Arabia have "exclusive rights' in the Durra gas field in the Arabian Gulf, Kuwait oil Minister Saad Al Barrak...
SAUDI ARABIA BREAKING NEWS
- Jul 5, 2023
Saudi Arabia, Kuwait, Exclusively Own Gas-Rich Maritime "Divided Area", SPA Reports
PARIS - Saudi Arabia and Kuwait exclusively own natural wealth, including Durra gas field, in the Gulf's maritime "Divided Area", Saudi...
SAUDI ARABIA BREAKING NEWS
- Jul 5, 2023
Saudi Arabia Says New Oil Cuts Show Teamwork With Russia Is Strong
VIENNA - Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support...
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