The US-Saudi deal: the relaunch of Saudi industry?Charles ForresterJane's Defence Weekly
Having previously announced additional voluntary adjustments in April and November 2023, the eight OPEC+ countries – Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman – agreed on which previously announced additional voluntary adjustments in April and November 2023. The virtual ...
ALSO READ:Aramco delays oil pricing amid Saudi-Russia row on oil cuts “We have managed to overcome differences. It will be a very important deal. It will allow the oil market to start on a path to recovery,” said Dmitriev, who last month was the first official to propose a deal invo...
Saudi Arabia has announced its official crude pricing (OSP) for May, selling oil more cheaply to Asia while keeping prices flat for Europe and raising them for the U.S., after OPEC and its allies agreed the biggest output cut deal in history. Saudi Arabia's state oil giant Saudi Aramco ...
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 price...
Trump says he plans to meet with Putin in Saudi Arabia in coming weeks to negotiate a deal to end the three-year-old Ukraine war, and analysts say relaxing the sanctions represents a likely centerpiece of any agreement. Trump on Friday also raised the prospect of im...
US President Donald Trump said on Sunday (15 September) that the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia's oil facilities, after a senior official in his administration said Iran was to blame. Trump also authorized the use of the US ...
Prices started the session higher after Saudi Arabia's state oil company sharply raised prices for buyers in Asia. Prices also drew support from new U.S. sanctions against individuals and entities for facilitating shipments of Iranian oil to China. "The notice is out - if you're a refiner...
In commodities news, US oil prices dropped below $70 a barrel Tuesday on concerns about whether the debt ceiling deal will make it through Congress and on reports of tensions between Saudi Arabia and Russia ahead of a key OPEC+ meeting. Crude slumped 4.4% to close at $69.46 a barrel, the...
The People's Bank of China said on Monday that it had signed a local currency swap agreement with the Saudi Central Bank at a size of 50 billion yuan or 26 billion Saudi riyals, valid for three years. Establishing the bilateral local currency swap will help strengthen financial cooperation ...