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Search Results for: Saudi Arabia

Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran
April 18th, 2016 (0)
No Doha deal as Saudi insists all OPEC members must join Russia says it was surprised by some nations changing position Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any ...

Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue
April 4th, 2016 (0)
Levies on expats, energy, luxury goods, sugary drinks seen Plan is to boost non-oil revenue to balance budget by 2020 The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a ...

Oil Drops After Saudis Say Will Freeze Output Only If Iran Joins
April 4th, 2016 (0)
Will boost sales if others lift output: Deputy crown prince Russian production expands to set post-Soviet high in March Oil extended declines after Saudi Arabia’s deputy crown prince said the kingdom will freeze output only if Iran follows suit, ...

Saudis to take control of largest U.S. refinery
March 22nd, 2016 (0)
The crown jewel among America’s oil refiners may soon be owned by Saudi Arabia. Saudi Aramco, the state oil company of OPEC’s most powerful player, recently announced plans to take full control of the sprawling Port Arthur, Texas refinery. ...

Shell, Saudi Aramco Plan to Break Up Motiva Partnership
March 17th, 2016 (0)
Ownership of biggest refinery in the U.S. will shift to Saudi Arabia’s hands Oil giants Royal Dutch Shell PLC and Saudi Arabian Oil Co. plan to end their long-standing fuel partnership, putting ownership of the biggest refinery in the U.S. in ...

Saudi Oil Minister Surprises OPEC with Tough Line on Prices
February 25th, 2016 (0)
Prepared for $20 a barrel to force production cuts outside the Middle East, Says al Naimi Saudi Arabian Oil Minister Ali al-Naimi surprised fellow members of the Organization of the Petroleum Exporting Countries on Tuesday when he said the ...

Iran ready to discuss oil with Saudis
February 10th, 2016 (0)
Iran’s Oil Minister Bijan Zangeneh said on Tuesday that Iran is ready to negotiate with Saudi Arabia over the current conditions in international oil markets. “We support any form of dialogue and cooperation with OPEC member states including Saudi ...

Saudi economy is resilient, says World Bank expert
February 8th, 2016 (0)
Saudi Arabia has five years’ worth of reserves at current spending levels and oil prices, Shantayanan Devarajan, chief economist of the World Bank’s Middle East and North Africa Region said in an interview with Tass. “The fact is that ...

Oil Trades Near $31 After Saudi-Venezuela Talks as Bets Increase
February 8th, 2016 (0)
Al-Naimi speaks with counterpart about other producer meetings Vitol CEO says crude to stay between $40 and $60 for 10 years Oil traded near $31 a barrel after Saudi Arabia and Venezuela met to discuss cooperating to stabilize the ...
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