Saudi Arabia


All posts for Saudi Arabia

S&P Global Platts OPEC Survey for January 2018

  OPEC production well below ceiling of 32.73 million b/d Saudi output 9.99 mil b/d, Iraq 4.41 mil b/d, Iran 3.83 mil b/d Libya, Nigeria combine for 2.91 mil b/d, above 2.80 mil b/d cap Venezuela output falls for sixth straight month to 1.64 mil b/d OPEC's crude production averaged 3 ...

OilVoice Press - OilVoice


Posted 10 days agoOpinion > S&P Global PlattsOPECSurvey +6

Top Three Saudi Oil Fields Drive 59% of Country’s Oil Production in 2021, says GlobalData

Analysis of Saudi Arabia's crude oil production shows that over $79.6bn in capital expenditure (capex) would be spent by Saudi Arabia Oil Co on oil projects over the next four years, to ensure that country's production remains around 11.2 million barrel per day (mmbd) in 2021. The company will have ...

OilVoice Press - OilVoice


Posted 11 days agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +1

China Leads Globally with Most Planned Delayed Coking Unit Capacity Additions, says GlobalData

Analysis of the planned delayed coking units (DCU) capacity of refineries shows that the Jieyang refinery in China has the highest planned DCU capacity globally with 153 thousand barrels per day (mbd). Saudi Arabia has the second highest with 104 mbd and Panjin II and Palu are jointly in third with ...

OilVoice Press - OilVoice


Posted 12 days agoOpinion > ChinacokingDCU +2

Wood Wins New Contract Delivering Mega-Project for Saudi Aramco

Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of Saudi Arabia. Engineering and project management services to develop the Marjan oil field in the state's eastern province will be provided under the ...

OilVoice Press - OilVoice


Posted 12 days agoPress > WoodContractSaudi Aramco +3

OPEC December Crude Output 32.40 MIL B/D, UP 50,000 B/D From November: S&P Global Platts Survey

January 8, 2018 — By Herman Wang , Eklavya Gupte   12 members with quotas achieve 135% compliance in December Saudi Arabia output 9.90 mil b/d, Iraq 4.41 mil b/d, Iran 3.82 mil b/d Libya, Nigeria combine for 2.88 mil b/d, above cap of 2.80 mil b/d OPEC output well below ceiling ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > OPECCrudeS&P Global Platts +3

Energy Dominance Needs NAFTA

Opportunities abound for negotiating a better NAFTA. As the Trump Administration pushes for modernization, one commonsense policy area that should be preserved and improved is energy. Tuesday, January 16, 2018 12:00 pm - 1:00 pm Live Streamed Add to Calendar + The Heritage Foundation Lehrman Audito ...

Will Fine


    US 16 Jan 2018


Posted 1 month agoEvent > NAFTAMexicoNew Mexico +30

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 1 month agoOpinion > Donald TrumpPresident TrumpTrump +68

The One Indicator OPEC Must Watch

By Nick Cunningham of Oilprice.com “We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through th ...

Oilprice Staff


Posted 2 months agoOpinion > OPECoilpriceSaudi Arabia +1

OPEC Puts Icing on the Cake

As expected, OPEC and its non-OPEC partners have extended their production agreement through 2018 and even assigned “soft targets” to include Nigeria and Libya. Saudi Arabia's Energy Minister, Khalid Al Falih made it clear in his opening remarks that the goal of the year-old deal had not been ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > OPECNon-OPEC ProductionNigeria +3

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine


Posted 2 months agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

Russia's Mixed Feelings on Extending Production Deal

For Mr. Putin, the deal with OPEC has lifted oil prices, liquidated a global oil glut, and paid dividends in the form of improved relations with Saudi Arabia, boosting Russia's real and perceived influence in the Middle East. At this juncture, however, the benefits for Russia and thus Mr. Putin ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > RussiaPutinOPEC +5

OPEC Will Extend The Cut

By Zainab Calcuttawala for Oilprice.com There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world's largest oil producers are really determined to end the supply glut. A failure to agree on the market remediation would cause ...

Oilprice Staff


Posted 2 months agoOpinion > OPECoilpriceSaudi Arabia +3

Geopolitics Is Rearing Its Head Again In Oil

Brent and WTI prices are now at their highest levels in two years. With Brent almost touching US$65/b and WTI within shot of US$60/b, this is cheer for the market, where most participants had resigned themselves to a prolonged period of US$50/b oil. There are several factors propelling this rise. OP ...

Easwaran Kanason


Posted 3 months agoOpinion > WTIOPECBrent +5

Oil price, Independent Oil & Gas, Reabold Resources And finally…

  Oil price Oil news yesterday was again mainly concentrated on Saudi Arabia who started giving details about the round up over the last few days. Apparently over 200 people have been brought in and over $100bn of missing public funds are being investigated. It looks like there is a link to th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 months agoOpinion > oil priceIndependent Oil & GasReabold Resources +1

Dr. Daniel Fine: Trump's Approach to Oil and Gas a New Course in the San Juan Basin

It has been 70 years since a President of the United States has considered domestic oil and gas as a “power” in world affairs. With Secretary of the Interior Ryan Zinke charting a new course, the Trump Administration is considering a transfer of Federal Land management with natural resources to the ...

Will Fine


Posted 3 months agoOpinion > New MexicoHilcorp EnergyDepartment of Interior +31