Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand recovery—and this move sent oil prices jumping early on Thursday after the price announcement. Saudi Arabia’s flagship Arab Light ...
Saudi Arabia, tank farms, new production and new oil fields. On yesterday’s DrumBeat, Leanan posted two links on Saudi Arabia. The first stated that Saudi Arabia had increased crude oil production to 10.7 million barrels per day. The second link was more clear and stated that Saudi Arabia ...
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. Saudi Arabia, OPEC...
U.S. Oil Rig Count Rises Despite Falling Crude Prices Morgan Stanley Raises Brent Oil Forecast for Late 2025 After OPEC+ MoveLeave a comment Mamdouh Salameh on June 23 2021 said: My considered opinion is that Saudi Arabia could at best produce 6.0-6.5 million barrels a day (mbd) allowing...