Tag: Saudi
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Revenues from Saudi oil exports declined by 37.7% in May
Revenues from Saudi oil exports declined, during last May, on an annual basis, with the decline in average oil prices compared to the same period in 2022, and the Kingdom’s start implementing the voluntary production cut of 500,000 barrels per day. Official data – seen by the specialized energy platform – showed that Saudi Arabia’s…
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Saudi oil exports to China exceed expectations and rise 12%
Saudi oil exports to China exceeded expectations last June, registering an increase of 12% compared to May 2023. Total Saudi oil shipments to China amounted to about 7.92 million metric tons last month, or 1.93 million barrels per day, according to data seen by the specialized energy platform. The amount of Saudi oil exports to…
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Saudi Aramco treats oil from plastic waste.. for the first time
Saudi Aramco and SABIC, and French Total Energy, have succeeded in converting oil derived from plastic waste into certified circular polymers that have the International Certificate of Sustainability and Carbon (ISCC Plus) for the first time in the Middle East and North Africa. The oil derived from plastic waste (pyrolysis oil) was processed at the…
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Saudi Energy Minister: The Kingdom guarantees the security of oil supplies to Japan..and this is our plan
Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz said that his country’s relations with Japan in the field of energy are solid and reliable for more than half a century. He added, in statements to the Saudi Press Agency, “SPA”, today, Sunday, July 16, that both the Kingdom and Japan are keen to develop…
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A report lowers oil price expectations in 2023, despite Saudi Arabia’s decision
The US Energy Information Administration lowered its oil price forecast in 2023 slightly, and cut its estimates for crude production in the United States during the same year. The Short-Term Energy Outlook report for July 2023, issued today, Tuesday (July 11), predicted that the average price of West Texas Intermediate crude would reach $74.43 per…
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Does the Dorra field affect the relations of Saudi Arabia and Iran? (article)
Read in this article • UAE, Saudi Arabia and Iran own 5 oil fields between them. • The Dorra / Arush gas field has been the subject of a dispute between Iran, Kuwait and Saudi Arabia in recent decades. • Since 1960 until now, Iran and Kuwait have been conducting talks regarding the Al-Durra /…
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Saudi Aramco violates expectations and raises oil selling prices
Saudi Aramco announced the official prices for the sale of shipments of Arab Light crude during the coming month of August (2023), to its customers in Asia, Europe and the United States. The company decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by 20 US…
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Saudi Aramco may cut oil sales prices to Asia in August (Survey)
Saudi Aramco intends to reduce the official selling prices for Arab crude destined for Asia, during next August, in light of continuing fears of a global economic recession that may affect demand. A Reuters poll revealed that the Saudi oil giant, the largest oil exporter in the world, may reduce the price of its main…
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Energy sources: Saudi Arabia extends oil production cuts by one million barrels per day
Sources revealed that the Kingdom of Saudi Arabia is ready to announce, within a few days, the extension of the voluntary oil production cut by one million barrels per day, in the month of August (2023). And the sources indicated, in exclusive statements to the specialized energy platform, that the step of extending the production…
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Revenues from Saudi oil exports fell 23.6% in April
Saudi oil export revenues declined, during last April, on an annual basis, with the decline in average oil prices compared to the same period in 2022. Official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in April, by 23.6%, compared to the same period in 2022. The…
