Russia surpassed Saudi Arabia in oil production in may by 2.1 percent. According to Rosstat, published on Thursday, 21 July, Russian oil production rose to 10.46 million barrels per day. However, Saudi Arabia in may, the daily was produced 10.24 million barrels. The total production of the Organization of countries-exporters …
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Saudi Arabia consistently reduces the oil reserves amid rising domestic demand, thus attempting to maintain the level of exports. According to The Wall Street Journal, citing data from the Joint Organisations Data Initiative (JODI, the study group on the oil market from Riyadh). According to JODI, in may 2016 the …
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The East has always surprised us with its strict laws, immutable principles and attitude towards women. Amira al-Tawil 33 — year-old Princess of Saudi Arabia, which fascinates its desire to make the world a better place. Amir beautiful, confident, brave and determined. Engaged in humanitarian problems, not only in Saudi …
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The Bank Apicorp (Arab petroleum investment Corporation) and the national shipping Corporation of Saudi Arabia Bahri will form the investment Fund of $ 1.5 billion to increase oil fleet of the Kingdom to 61 large tankers. On Monday, July 18, Bloomberg reported, citing Minister of energy of the Kingdom Khaled …
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Saudi Arabia lost to Russia the first place on oil supplies to China. The relevant information contains in the monthly report of the Organization of countries-exporters of oil (OPEC), released on Tuesday, July 12. The document says that in may China increased its purchases of Russian oil by 65 thousand …
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To achieve equilibrium in the energy market the price of oil should be above $ 50 per barrel. This was stated by Minister of energy of Saudi Arabia Khalid al-Faleh in an interview with German newspaper Handelsblatt on Tuesday, July 12. According to the official, the current price for hydrocarbons …
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The victims were military. In the city of Medina in the West of Saudi Arabia a suicide bomber detonated an explosive near a mosque. The explosion occurred near the Mosque of the prophet, which is the second holiest site in Islam. The explosion killed two employees of the security service, …
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US surpasses Russia and Saudi Arabia for total recoverable oil reserves. It is reported by The Financial Times . Recoverable oil reserves in the United States at existing fields, explored and unexplored areas, is 264 billion barrels, Russia – 256 billion barrels, and Saudi Arabia – 212 billion barrels. After …
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Prices for oil are decreasing second day in a row. A barrel of Brent oil dropped below $50. The mood of traders was affected by several factors. Saudi Arabia for the first time since February of this year has lowered output prices for the U.S. and Asia. We are talking …
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Saudi Arabia has decided to reduce the official selling price of oil for August for the Asia and the USA. As reported by Asharq Al-Awsat with reference to the state oil company Saudi Aramco, in the key Asian market the most common Arab Light grade will sell for 40 cents …
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