Oil&Gas 3 August 17:57
Arab World 3 August 16:46
Saudi Arabia's foreign exchange reserves fell to their lowest level in at least 4 1/2 years in June as oil prices continue to stay low and Kingdom’s military spending rises.
Oil&Gas 1 August 14:52
Analysts of the US JP Morgan bank expect OPEC oil production to continue rising reaching 32.8 million barrels per day in 2016 and 33.1 million barrels per day in 2017.
Arab World 1 August 13:27
Saudi Aramco, the world’s largest oil exporter, lowered the pricing terms for Arab Light crude sold to Asia by the most in 10 months.
Oil&Gas 29 July 18:19
The 2014 oil price crash together with the high spending of the last several years have been draining the Saudi government budget.
Uzbekistan 28 July 14:46
Uzbekistan’s Foreign Minister Abdulaziz Kamilov and his Saudi Arabian counterpart Adel bin Ahmed Al-Jubeir held negotiations, during which the sides discussed topical issues of bilateral relations within the visit of Uzbek delegation to Jeddah.
Oil&Gas 22 July 09:48
The situation on the oil markets is nearing a point beyond which the Saudis can no longer sit on their hands and eat into their depleting cash reserves,
Oil&Gas 21 July 18:09
Oil&Gas 21 July 13:26
While there is a need for oil prices to return to nearer $100 a barrel in order to make oil projects economic, director of Downstream Consulting at IHS Markit Spencer Welch believe no significant growth will occur in the short term period.
Oil&Gas 20 July 18:03