Global oil supply is sufficient now, but natural declines at oilfields mean that the world would need to find a Saudi Arabia every two years to offset these production drops,...... continue reading
Ajlan & Bros Holding Group, a private conglomerate headquartered in Riyadh, Saudi Arabia, is targeting “mega deals” reaching over US$1 billion in value with companies in China’s petrochemicals, new energy,...... continue reading
For months, as Iran-backed groups attacked U.S. forces and allies in the Middle East, the Biden administration hailed its efforts to restrict Iran’s oil revenue — and the country’s ability...... continue reading
Iraq and Saudi Arabia – Opec’s largest crude producers – need to align their views to maintain stability in the oil market, Iraq’s Prime Minister said on Wednesday. Mohammed Shia Al...... continue reading
Just how much would it cost to completely decouple from made-in-China clean tech products? According to a new analysis by energy consultancy Wood Mackenzie, the global energy transition would cost...... continue reading
Saudi Arabian Oil Co. (Saudi Aramco) will announce financial results and dividend plan for 2023 before the start of trading on March 10, the oil giant said in a statement. ...... continue reading
Energy consumption in 2025 will change completely, driven by the interplay of supply and demand, Amin Nasser, CEO of Saudi Arabian Oil Co. (Saudi Aramco), said during the International Petroleum...... continue reading
Over the last three decades, the United States, Saudi Arabia, and Russia have alternated as the top crude producers, but always by small margins. During the 1990s, Saudi Arabia dominated crude...... continue reading
Over the last three decades, the United States, Saudi Arabia, and Russia have alternated as the top crude producers, but always by small margins. During the 1990s, Saudi Arabia dominated crude...... continue reading
Once oil rivals Diamondback Energy and Endeavor Energy Resources announced Monday (Feb. 12) that they are merging to create a $50 billion oil giant in the Permian Basin. The deal...... continue reading