Tagged With Saudi Arabia
UAE could be big winner from Aramco U-turn
8 February 2024
Saudi Arabia’s decision not to expand capacity target seen as bolstering UAE’s position within OPEC+
Aramco pursues multi-faceted gas growth strategy
31 January 2024
The NOC is looking to increase its gas output to more than 165bcm/yr by 2030 to support its hydrogen and ammonia aspirations, and to finally become a player in LNG
Petchems Report: Middle East makes most of feedstock advantage
16 November 2023
Industrialisation and urbanization will drive the region’s petchems production as it makes the most of abundant feedstock, while Africa also looks to expand capacity
Aramco’s Nasser says energy security and sustainability can co-exist
23 August 2023
But CEO says prematurely discontinuing investments in fossil fuels threatens serious supply shortfalls and may be counterproductive to energy transition
US SPR squeezes Saudi economy
21 August 2023
Action by consuming governments has shown they can significantly affect oil prices and put a spoke in OPEC’s wheels
Shifting sands alter balance of power in Middle East
9 August 2023
The region’s political situation and internal relationships are changing amid the growing influence of Russia and China
Letter from Vienna: OPEC wrestles with a plethora of contradictions
21 July 2023
Saudi Arabia and its allies delivered a strong message with a collective voice at the OPEC seminar in Vienna, but just as important was what was left unsaid
Saudi output cut creates tight sour crude market
29 June 2023
Move triggers flurry of Middle East-China trading with Unipec flooding market with Omani cargoes and rival Petrochina snapping them up
Oil watchers not paying close enough attention to Saudi’s Opec+ policy
20 June 2023
Saudi Arabia’s ‘whatever it takes mode’ suggests oil market floor will be defended despite macro challenges and Russia test
Saudi Arabia, Opec+ and oil price formation
13 June 2023
Why does a Saudi production cut of a million barrels fail to drive prices higher?
South Korea doubles down on Saudi crude
11 May 2023
Seoul dabbles with Russian and US crude but Middle East remains primary source
Saudi-Iran deal first step to boosting regional oil security prospects
24 March 2023
But there is less optimism on additional Iranian exports, and many near-term risks remain
Letter from London: Aramco shows the West how to have it both ways
17 March 2023
Saudi NOC has a clear strategy on energy security and the transition, providing a lesson to the often confused West
Middle East refiners primed for growth
10 March 2023
Capacity additions set to take advantage of disruption to Russian diesel
Mideast upstream long-term outlooks diverge
2 February 2023
The region’s producers have their own specific goals and face drastically different challenges
Riyadh doubles down on Chinese downstream partnership
16 January 2023
A flurry of petchems co-investments reflects Aramco’s drive to preserve long-term market share in both crude and its products
Oman enters 2023 on a high
5 January 2023
International commitments to its expanding petchems and LNG industries are a huge boon
Aramco pushes crude-to-chemicals frontiers
8 December 2022
A trio of major project announcements signal the Saudi heavyweight’s renewed focus on maximising petchems yield
Aramco windfall trickles downstream
10 November 2022
Refining, petchems and distribution businesses are feeling the investment impact of sustained oil market strength
Russia offers Middle East a card in US game
26 October 2022
Opec+ cut agreement suggests Moscow’s Middle Eastern stock remains high
Future-proofing Aramco
16 August 2022
Record profits allow for investment drive not just in the upstream but also the downstream and in lower-carbon
Letter from the Middle East: Opec balances Russia and the West
9 August 2022
The cartel is happy to wait for further developments before committing to more drastic action
Reading too much into the Saudi capacity ceiling
1 August 2022
MbS almost certainly did not mean what oil bulls have convinced themselves he did
Gulf’s oil heavyweights shop local
19 July 2022
Aramco and Adnoc are channelling windfall oil revenues into furthering their government owners’ domestic economic development drives
Russian crude displacement impacts Mideast producers
26 May 2022
Flows of Urals crude to Asian importers—in particular India—have spiked since Russia’s invasion of Ukraine, according to price reporting agency GX
Aramco hits fresh financial highs
17 May 2022
The Saudi oil behemoth is funnelling record earnings into domestic upstream
PNZ gas project sparks Tehran’s ire
3 May 2022
Kuwait and Saudi Arabia’s domestic scarcity has driven the formal revival of longstanding plans to tap the shared Dorra field
Gulf oil producers dust off costlier projects
19 April 2022
The market upswing is driving investment in untapped reserves and field redevelopments previously considered commercially unviable
Letter from the Middle East: Buyers call for more
29 March 2022
Western countries want Mideast Gulf producers to boost output, but the options are limited
Aramco ready to splash cash upstream
25 March 2022
Soaring annual profits to be channelled into unapologetic expansion of output capacity
Opec’s swing producers to stick to deal
25 February 2022
Opec’s top producers are unlikely to deviate from an agreement that has brought market stability and buoyed prices
Russia, Saudi Arabia and the US – what next for oil markets?
31 January 2022
The impact of a breakdown in Russo-US relations is much more nuanced in liquids than in gas
Aramco opens wallet
10 January 2022
Soaring revenues have enabled awards on two flagship upstream projects as efforts to recycle the windfall in-Kingdom intensify
Purple patch for Muscat’s chemicals ambition
4 January 2022
The commissioning of Oman’s largest petrochemicals plant has coincided with Saudi Arabia’s potential rescue of an even bigger one
Meeting the oil and gas supply gap
20 December 2021
The world has no lack of recoverable oil and gas resources. But where they will come from in the future will change
Letter from the Middle East: Gas businesses see swift evolution
7 December 2021
Self-sufficiency targets and opportunities to shift to renewables are driving big upsurge in gas production
Aramco’s domestic petchems path remains bumpy
2 December 2021
The firm still faces challenges balancing economics with politics
Kuwait on defensive over capacity decline
8 November 2021
KPC chief claims remediation is just around the corner, but his assessment appears improbably upbeat
Oil’s finest hour still to come
1 November 2021
Chemicals represent both an economic and environmental boon in the energy transition, according to Saudi Arabia’s Sabic and PIF
Saudi Arabia and Iraq could join the LNG export party
12 October 2021
In the longer term, the two Gulf heavyweights may become gas exporters. But Egypt’s return to the table could be in doubt
UAE and Saudi Arabia to put differences behind them
3 August 2021
An understanding that the Opec partners are better working together appears likely to keep the peace
Opec faces longer-term challenges
2 August 2021
The organisation may have smoothed over the cracks this time. But the UAE’s very public dissent may be just the first sign of things to come
Saudi Arabia’s different drivers bode ill for Opec+ unity
6 July 2021
The Kingdom has a radically divergent perspective on both the short- and long-term oil market. And that could mean the cracks in the cartel only getting wider
Oil traders focus on fundamentals, not geopolitics
7 June 2021
Tolerance for perceived political risk has expanded, but such complacency could be dangerous
Letter from the Middle East: Green shoots of recovery
27 May 2021
There are many reasons to be cheerful across the Mena oil and gas patch
Saudi Arabia looks positively to the future
18 May 2021
The president of Riyadh-based thinktank Kapsarc sees the Kingdom as well-positioned for the industry changes to come
Letter from the Middle East: Saudi Arabia ponders oil privatisation
11 May 2021
The Kingdom is weighing up a potential midstream asset sale following an innovative funding move in the UAE
Opec+ confounds market with three-month cuts easing
1 April 2021
The group had been widely anticipated to keep the prior agreement in place, but a rapidly agreed deal will see cuts relaxed through the summer
Biden plans Mid-East Gulf shake-up
8 February 2021
US diplomatic goals, if achieved, will impact the Iranian, Saudi and Yemeni energy sectors
Saudi strategy runs deeper than cuts
2 February 2021
Saudi Arabia’s production restraint may boost prices in the short term, but it may also assure the Kingdom greater market control in the longer term
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