Prolonged Gaza ceasefire could be a 'door opener' into Israel for Saudi Arabia and other Arab nations: analysts Published17 January 2025 2:49 GMT Field Development Aramco nears finish line for four multibillion-dollar offshore oilfield expansion deals ...
China is particularly important for Saudi Arabia because China’s oil demand is expected to grow from 6m/bbl today to 13m bbl/day by 2035. And from the perspective of China it needs Saudi crude because, unlike the US, there is no realistic prospect of it becoming energy independent. Th...
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Saudi Arabia signed a memorandum of understanding (MOU) with China on 27 March 2024 to strengthen cultural cooperation. The agreement aims to boost collaboration in several cultural areas, such as museums; theatre and performing arts; architecture and design arts; visual arts; cultural heritage; tra...
"Should OPEC+ members choose to raise output from Q2 onward, a wave of oil will be unleashed onto markets," Bell wrote. "We expect to see Saudi Arabia, the UAE and other large producers in OPEC increase production over the rest of 2020 as they return to a market-share strategy rather ...
Saudi Arabia is key for an OPEC deal to happen in NovemberNick Cunningham
OPEC is working on a "very long-term" deal to try to extend its alliance with other oil producers, Secretary General Mohammad Barkindo said at an energy conference in Baghdad, Iraq on Wednesday. Barkindo's comments followed news at the start of the week in which Saudi Arabia's Crown...
While oil producers like Saudi Arabia need revenue to fund their state budgets, they also have to take into account the impact of higher prices on oil-consuming countries. Oil prices that go too high can fuel inflation, sapping consumer purchasing power and pushing central banks like the U.S...
China’s involvement in helping Iran and Saudi Arabia re-establish diplomatic ties signals that Beijing will keep buying Iranian oil in defiance of U.S. sanctions.
March 28 2023 Saudi Aramco strengthens China ties with two refinery deals Huge supply contracts come as Russia eats into Saudi Arabia’s share of world’s largest oil import market Previous pageYou are on page1Next page