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Saudi Aramco to supply full oil volumes to some Asian refiners in June – sources

Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in June, several sources with knowledge of the matter said […]

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OPEC sticks to 2022, 2023 oil demand growth forecasts after downgrades

    OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was “quite evident” there

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Saudi Arabia’s KAPSARC, China’s CNPC ink agreement to advance energy research and innovation

  The King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) on Tuesday with the Economics & Technology Research

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Russia sanctions will be ‘key factor’ for OPEC decisions in 2023

The impact of Russian sanctions will be the biggest influence on the supply ‘call’ for OPEC in 2023, according to S&P Global Commodity Insights. One potential complication to deeper OPEC+

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Energy minister: World can’t bear two weeks without Saudi oil

Energy Minister Prince Abdulaziz Bin Salman said that the world cannot bear two or three weeks without Saudi oil exports. Addressing the 2nd edition of the Global Cybersecurity Forum on

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Saudi Arabia, China to work together to maintain oil market stability

      Saudi and Chinese officials confirmed their willingness to work together to support stability in the international oil market. Prince Abdulaziz Bin Salman, Saudi Arabia’s Minister of Energy,

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Turkey says not right for U.S. to pressure Saudi Arabia over oil output

 Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to pressure Saudi Arabia after OPEC+ oil producers announced production cuts despite U.S. objections.

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Saudi Crown Prince, South African Pres. discuss mutual cooperation

    Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz held talks Saturday at Al-Salam Palace in Jeddah with visiting South African President Cyril Ramaphosa on bolstering

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Outsized OPEC+ output cut raises global risks: Russell

The reaction to the OPEC+ decision to cut 2 million barrels per day (bpd) from it crude oil production is more instructive than the decision itself. The larger-than-expected reduction is

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