Saudi Arabia


All posts for Saudi Arabia

A Changing of Guard in The Saudi Kingdom

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 24 days agoLink > Crown Prince of Saudi ArabiaPrince SalmanKhalid Al-Falih +4

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 26 days agoLink > pricesInternationalGasoline +6

Kaboom in World Oil Supply!

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 1 month agoLink > KSASaudi ArabiaTrump +6

This Week in Petroleum: Saudi Arabia crude oil production outage will affect global oil markets and U.S. gasoline prices

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 1 month agoLink > BrentCrude oilexports +7

This Week in Petroleum: 2018 OPEC net oil export revenues highest since 2013, but likely to decline

EIA estimates net oil export revenues based on oil production—including crude oil, condensate, and natural gas plant liquids—and total petroleum consumption estimates, as well as crude oil prices forecast in the August 2019 Short-Term Energy Outlook (STEO). EIA's net oil export revenues estimate ...

Hui Shan


Posted 1 month agoLink > exportsImportsInternational +7

TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


Posted 2 months agoLink > InternationalChinaSaudi Arabia +7

This Week in Petroleum

Despite crude oil production cuts, Saudi Arabian crude oil exports to some Asian countries have increasedThe U.S. Energy Information Administration (EIA) estimates that during May 2019, Saudi Arabia's crude oil production approached a four-year low, averaging an estimated 9.9 million barrels per d ...

Hui Shan


Posted 4 months agoLink > ChinaCrude oilexports +7

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 4 months agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Prospect Geologist

Introduction Saudi Aramco  is a fully integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, marketing and petrochemicals manufacturing. We not only look for individuals who can meet our expectations, but for those individuals who can e ...

Hui Shan


    SA Permanent  


Posted 4 months agoJob > Oilgasjobs +3

Saudi Arabia has significantly reduced the amount of crude oil used for power generation

Power plants in Saudi Arabia burned an average 0.4 million barrels per day (b/d) of crude oil in 2018 directly for power generation, the lowest amount since at least 2009, the earliest year that data are available from the  Joint Organizations Data Initiative  (JODI, Figure 1). According to the JOD ...

Hui Shan


Posted 5 months agoOpinion > Electricityelectricity generating fuel mixInternational +6

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 8 months agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 10 months agoOpinion > OPECNon-OPECNOPEC +91

Deep Casing Tools appointments strengthen Middle East team amid new business win

International casing and completion technology business, Deep Casing Tools, continues to consolidate its Middle East division with two new appointments and an order placed by a large Middle East national operator for 21 motorised reaming tools, valued at US $1.5million. Aqeel Al Faraj takes up ...

David Stephenson


Posted 10 months agoPress > Middle Eastmiddle east jobsDrilling +6

The Saudi Dilemma: To Cut Or Not To Cut

By Irina Slav for Oilprice.com To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels d ...

Oilprice Staff


Posted 10 months agoOpinion > oilpriceKingdom of Saudi ArabiaSaudi Arabia +4

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 10 months agoOpinion > Senator BingamanBingamanSanta Fe +71