Tag: Saudi oil

Commercialization, Conventional Fuels

Saudi Arabia denies pushing OPEC allies to commit to a deeper round of production cuts, source says

December 5, 2019

Via: CNBC energy

OPEC kingpin Saudi Arabia has denied pursuing a deeper round of production cuts, one senior oil official told CNBC on Thursday, despite intense speculation the global oil-producing group was on the cusp of imposing further output curbs. The oil-rich kingdom […]

Chemical, Conventional Fuels, News and Policies, World

Following Saudi Oil Attack, Aramco Pushes Ahead With IPO Plans and Restoring Oil Production

October 9, 2019

Via: Forbes

Topline: In the wake of last month’s attack on Saudi Aramco oil facilities, the state oil giant has quickly recovered, aiming to restore full production and forging ahead with its plans for what would be the world’s largest-ever IPO later […]

News and Policies, World

Saudi Oil Inventories Plunge As Production Is Restored

September 26, 2019

Via: Forbes

Bloomberg is reporting that Saudi Aramco has restored oil production levels at the crude-processing plants at Abqaiq and at the Khurais oil field. Multiple reports that Saudi’s production would be back online quickly have helped push oil prices back down […]

News and Policies, World

Iran Promises ‘All-Out War’ If Hit For Saudi Pipeline Attack

September 19, 2019

Via: Forbes

Topline: Iran foreign minister Javad Zarif warned Thursday that if the U.S. or Saudi Arabia strikes back over weekend attacks on Saudi oil pipelines, it would be considered an act of “all-out war,” the most threatening language used yet as […]

Energy Economics

Trump orders Mnuchin to ‘substantially increase’ sanctions on Iran

September 18, 2019

Via: CNBC energy

President Donald Trump said Wednesday he ordered the Treasury Department to “substantially increase” sanctions on Iran. Trump’s announcement follows strikes Saturday on the world’s largest crude-processing plant and oil field in Saudi Arabia. The U.S. accused Iran of carrying out […]