Search for Saudi Arabia

16.11.2015 Russia, Iran and OPEC Battle for European Oil Market Share

A market share battle between Russia and Opec oil producers in Europe is intensifying as Iraq has overtaken Saudi Arabia as the second largest seller there and Iran has already lined up buyers for its crude for when sanctions are lifted.

26.10.2015 Saudi Arabia's Export Income to Fall by $130 bln

With oil prices stuck at $50 per barrel, the Saudi Arabia’s annual export income will be around $130 billion lower this year in comparison to last year, Jason Tuvey, Middle East Economist at British economic research and consulting company Capital Economics said in a rep

19.10.2015 Saudi Crude Stockpiles at Record High Amid Quest to Keep Share

Commercial crude stockpiles in August rose to 326.6 million barrels, the highest since at least 2002, from 320.2 million barrels in July, according to data posted on the website of the Riyadh-based Joint Organisations Data Initiative.

13.10.2015 Saudi Arabia Oil Output up by 7%

Global oil prices were marginally improved in September but the combination of oversupply and sluggish demand continued to bear on WTI and Brent prices, Jadwa Investment said in its latest edition of the monthly Ch

10.09.2015 Saudi Arabia Maintained Crude Oil Market Share in Asia in the First Half of 2015

In the first half of 2015, Saudi Arabia exported on average 4.4 million barrels per day (b/d) of crude oil to seven major trading partners in Asia, making up more than half of Saudi Arabia's total crude oil exports over that period.

27.08.2015 Saudi Arabia ‘Could Cut Billions’ from Budget Amid Plunging Oil Prices – Report

Saudi Arabia is preparing to cut billions of dollars from its budget amid a steady drop in crude oil prices, a Bloomberg report suggests. Reportedly, Riyadh is currently working with advisers to review capital spending plans and delay some projects.

24.08.2015 DW: License to Drill – Saudi Bond Issue

Low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – $4bn in July. The kingdom is highly reliant on oil – accounting for more than 90% of budget revenues.

17.08.2015 Platts Survey: OPEC Pumps 31.4 Million Barrels of Crude Oil Per Day in July

 Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.4 million barrels per day (b/d) in July, up 120,000 b/d from the June level of 31.28 million b/d, a Platts survey of OPEC and oil industry officials and analysts showed Wednesday