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 ... Read More
Crude oil is back from the dead — for now at least. Oil prices jumped to $40 a barrel on Thursday for the first time since early December. The ... Read More
Crude prices have risen more than 30% since freeze proposed Qatar meeting would seek more commitments to cap production Saudi Arabia will join a meeting of producers from within ... Read More
The OPEC Monthly Oil Market Report just came out. The charts are “Crude Only”production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose ... Read More
So much for that agreement to freeze output. The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply ... Read More
Saudi Arabia is looking to raise as much as $8bn (£5.6bn; €7.3bn) from international lenders to help plug a record budget deficit caused by low oil prices. Citing sources, ... Read More
Banks were briefed that the largest lenders on the loan, which may be as much as $10 billion, will also probably be appointed to arrange the bond Dubai: Saudi ... Read More
Even when glut stops growing, market might shrug: SocGen History shows oil rebound will hinge on stockpiles: Goldman Even if Saudi Arabia wins its struggle with U.S. shale producers ... Read More
Oil has stopped crashing. Investors around the world freaked out when oil prices plummeted to a 13-year low of $26.05 a barrel on February 11. But they are now ... Read More
Oil prices jumped by more than 2 percent on February 25 after Venezuela said top oil producers Russia and Saudi Arabia will meet again in mid-March to discuss their ... Read More
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