A U.S. official confirmed that a lot of progress was made Saturday in a meeting between National Security Advisor Jake Sullivan and Crown Prince Mohammad bin Salman in Dhahran, Saudi Arabia, a city in the kingdom's far east that's home to its state-run oil giant, the Saudi Arabian Oil...
The LBI deal would also help Aramco execute Saudi Arabia’s Vision 2030. Vision 2030, which was announced in April, involves adding more value downstream of oil through additional investments in both refining and petrochemicals. Politics, though might get in the way of Aramco acquiring LBI’s...
The United States government is hoping to sell hi-tech arms to Saudi Arabia worth around USD60 billion. The deal has been in the pipeline for several months but a 12 September report by The Wall Street Journal shed further light on the possible sale.Gala Riani...
In exchange for agreeing to sell their oil in dollars, Saudi Arabia became a protectorate of the US military. Many have seen this deal as a Godfather-like“offer you can’t refuse”for the Saudis. After all, Secretary of State Henry Kissinger and Defense Secretary James Schlesinger attracted ...
Iran as an enemy: the Kingdom looks to the US to safeguard security in the Middle East, especially as the brutal Iranian regime advances its nuclear program. For its part, the US hopes to use the security deal to bring about the normalization of relations be...
With the Trump administration’s May 2018 withdrawal from the 2015 Iran nuclear deal with six major powers, and its imposition of secondary sanctions on Iran’s oil sales, tensions in the region have escalated sharply. Following the attack on Saudi oil facilities, in a letter sent to the Unit...
Even before the price drop, the Saudis were selling their oil to China at a discount. OPEC's refusal on Nov. 27 to cut production seemed like the baldest evidence yet that the oil price drop was really an oil price war between Saudi Arabia and the US. However, analysis shows the ...
Saudi Arabia is monitoring the impact of the U.S. withdrawal from the Iran nuclear deal onoil suppliesand is ready to offset any potential shortage but it will not act alone to fill in the gap, an OPEC source familiar with the kingdom's oil thinking said on Wednesday. ...
(Worthy News) – Leaders of the United States, India, Saudi Arabia and the United Arab Emirates were working to finalize a joint infrastructure deal that could be announced this weekend at the Group of 20 summit in New Delhi, according to an official familiar with the matter. ...
Saudi Arabia pumped just under 10 million barrels a day in December, according to figures from the kingdom and independent sources. The Saudis are limiting their output as part of a deal among two dozen producer nations that aims to reduce global stockpiles following a prolonged oil pric...