Saudi Arabia

Saudi Arabia Articles

There is an agreement among Saudi Arabia, Russia, Venezuela and Qatar that the four producing nations would freeze output at January levels.
It looks like the crude oil market is getting set to once again tempt investors and traders with higher prices, only to pull the football away at the last instant.
That Saudi Arabian Oil Co., better known as Saudi Aramco, is considering selling shares to the public has generated a lot of chatter about what the company might be worth.
Some international economic watchers may wonder if a financially unstable Saudi Arabia could lead to more unrest in an already volatile Middle East.
Continuing to pump more oil while prices show no signs of stopping their slide has led the Kingdom of Saudi Arabia to a budget deficit of $97.9 billion in 2015.
Production drops in Saudi Arabia and Iraq were the primary reasons for a decline in crude oil production among the 12 members of OPEC.
Qatar’s sovereign wealth fund has taken paper losses of up to $12 billion in the third quarter as a result of the Volkswagen scandal and other issues.
OPEC released its August Oil Market Report Tuesday morning, which confirms that production continues to outstrip demand and will continue to do so through 2016.
The price of the Organization of the Petroleum Exporting Countries (OPEC) reference basket of crude oils rose to $62.15 a barrel in May.
Saudi exports dropped almost 6% year-over-year in 2014 to an average of around 7.1 million barrels a day, the lowest level in three years.
When the Saudi Arabian Air Force began bombing targets in Yemen last week, the price of West Texas Intermediate (WTI) crude oil for April delivery spiked.
Saudi Arabia has replaced India as the leading arms importer in the world, according to an IHS analyst.
OPEC)said Monday that if producers fail to invest in developing new supplies, crude oil prices could rise as high as $200 a barrel.
On any given day in 2013, nearly 40 million barrels of crude oil were being exported from a producing country to a consuming country.
ThinkstockWest Texas Intermediate (WTI) crude oil for January delivery tumbled below $66 a barrel on Friday and closed at $66.15, down 10.5%, the lowest settlement in five years. Brent crude slipped...