By Mason Hamilton, Jeff Barron, Jesse Barnett This article was published by the US Energy Information Administration on Sept. 23, 2019. On Saturday, September 14, 2019, an attack damaged the Saudi Aramco Abqaiq oil processing [Read more]
By Tim Gould, Head of Division, and Tae-Yoon Kim, WEO Energy Analyst at the International Energy Agency The recent attacks in Saudi Arabia were a sharp reminder that the world can’t take oil security for granted, even [Read more]
By Bill Brown, Ari Kahan This article was published by the US Energy Information Administration on Aug. 20, 2019. US petroleum and natural gas production increased by 16 per cent and by 12 per cent, [Read more]
The troika, which is made up of the United States, Russia and Saudi Arabia, has been the driving force behind critical decisions concerning the oil market, pushing out OPEC. Troika production decisions determine if the [Read more]
John Kemp writes “There is little doubt the Khashoggi killing has weakened the kingdom’s international position and made it more anxious to maintain support from the White House”. Jamal Khashoggi photo via Twitter. By John [Read more]
According to TASS news agency, Russia and Saudi Arabia are in discussions to cut production next year to balance the oil market and stabilize prices. OPEC, allies’ goal to keep oil market close to balance [Read more]
John Kemp argues there is no way to wield the oil weapon which would not shake the foundations of the U.S.-Saudi alliance on which the kingdom’s defence depends, leaving it vulnerable to regional rivals, including [Read more]
In February, US crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the US surpassed Russia in crude oil production for the first [Read more]
According to a report by Reuters, King Salman of Saudi Arabia has pulled the plug on the proposed Saudi Aramco IPO after a number of roadblocks proved too much for the ambitious plan. Reuters photo [Read more]
Canadian Foreign Affairs Minister Chrystia Freeland stands by Canadian foreign ministry comments condemning the arrests of civil society and women’s activists in Saudi Arabia by the Canadian foreign ministry sparked off a diplomatic dispute that [Read more]
The real negotiations now take place between Riyadh and Moscow, behind closed doors and far away from OPEC headquarters in Vienna, reflecting their market calculations, and relationships with the United States. AFP/Getty Images photo by [Read more]
Chrystia Freeland, foreign affairs minister Saudi Arabia exports 100,000 b/d of crude oil to Eastern Canada. Total imports by Eastern refiners are 315,000 b/d Prime Minister Justin Trudeau has the perfect response to Saudi Arabia’s [Read more]
Iran sanctions meant to increase pressure in Tehran by cutting the Middle Eastern country’s revenue from crude oil sales to zero, however, the Trump administration’s policy could leave the global market tighter and result in [Read more]
Russian and Saudi natural gas production expanded significantly in 2017, at 8% and 6% year-on-year growth The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record [Read more]
It is not exactly clear how the US and Saudi Arabia plan to avoid a significant oil price rise following the Trump administration’s decision to opt out of the Iran sanction relief pact. Getty Images [Read more]
Saudi Arabia needs oil prices and revenues to go even higher in the coming years to pay for the kingdom’s transformation away from oil. Saudi Aramco photo. Oil prices have risen 175 per cent since [Read more]
Trinidad Drilling expects to spend a total of $57.5 million in growth capital in 2018 Trinidad Drilling Ltd. announced it agreed to sell its three remaining rigs located in Saudi Arabia owned by Trinidad Drilling [Read more]
The longer the Saudi Aramco IPO decision is delayed, the more likely it is that the sale will not occur, or will be scaled back to a listing on the domestic stock market. AFP/Getty Images [Read more]
EIA expects middle east electricity demand to increase 30% by 2028 Nuclear electricity generation capacity in the Middle East is expected to increase from 3.6 gigawatts (GW) in 2018 to 14.1 GW by 2028 because [Read more]
Along with participating in the OPEC supply cut pact, Russian Energy Minister Alexander Novak says Russia and Saudi Arabia are also working together on energy projects, including oil services and petrochemicals. Lukoil photo. Russia looking [Read more]
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