Tag: Saudi
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10 tankers massing with Saudi oil off Egypt .. “Energy” publishes new details (update)
10 tankers loaded with 20 million barrels of Saudi oil continue to gather off the coast of the Egyptian city of Suez, in a remarkable scene that raises many questions about the reasons for this crowd of tankers. The reasons for the presence of these large quantities of oil barrels coming from Saudi Arabia and…
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Postponing the review of fuel prices in India due to the Saudi surprise
Suggestions for postponing the review of fuel prices in India began to emerge after Saudi Arabia’s decision to voluntarily reduce its production by one million barrels of oil per day for a month starting on July 1, after the ministerial meeting of the “OPEC +” alliance, yesterday, Sunday, June 4, 2023, and the price increase…
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Saudi Aramco raises oil selling prices in July at a significant pace
Saudi Aramco announced the new official prices for selling shipments of Arab Light crude to its customers in Asia, Europe and the United States, during the month of July (2023). The company went against expectations and decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by…
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The OPEC + alliance confirms the policy of reducing production .. and Saudi Arabia extends the voluntary cut
OPEC + agreed to stabilize the policy of reducing production without change in 2023, in addition to amending the base month through which oil quotas and compliance in the alliance are calculated starting next year, during the ministerial meeting held today, Sunday (June 4, 2023), after Several rounds throughout the day in order to reach…
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The OPEC + alliance proves the policy of reducing production… and sources reveal Saudi Arabia’s position
OPEC + agreed to stabilize the policy of reducing production without change in 2023, in addition to amending the base month through which oil quotas and compliance in the alliance are calculated starting next year, during the ministerial meeting held today, Sunday (June 4, 2023), after Several rounds throughout the day in order to reach…
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Saudi Arabia is at the forefront of diesel exporters from the Middle East to Europe
Diesel exports from the Middle East to Europe hit a record high in April 2023, with the old continent seeking to secure its supplies away from Russia, in implementation of the sanctions imposed on Moscow following its invasion of Ukraine and its attempt to deprive it of the tools to finance this war that has…
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Saudi Arabia’s imports of Russian diesel recorded a record jump
Saudi Arabia’s imports of Russian diesel reached a record level in May (2023), benefiting from the discounts offered by Moscow, after the European Union banned Russian exports of seaborne oil products on February 5 of this year, as part of a series of Sanctions in response to the war in Ukraine, which aim to reduce…
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Investment in the Algerian energy sector attracts a Saudi company
The Algerian energy sector continues to attract foreign investments and the attention of regional and international companies, especially operating in the oil, gas, petrochemical and fuel sectors, with the aim of establishing joint investment projects, given the promising opportunities that this sector provides that predict huge investments that generate returns that energy companies are looking…
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Europe gets rid of the shackles of Russian diesel… a prominent role for Saudi Arabia
It seems that Europe’s crisis to find alternatives to Russian diesel has ended, with the entry of new countries into the line of vital supplies for the main sectors. Diesel exports to Europe from countries other than Russia recorded a remarkable rise, and total shipments to the old continent of diesel and red diesel are…
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Revenues from Saudi oil exports declined by $8 billion in March
Saudi oil export revenues declined, during last March, on an annual basis, with the decline in average oil prices compared to the same period in 2022. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in March, by 26.5%, compared to the same period in 2022.…
