Tag Archives: arabia

Saudi Aramco has decided to reduce oil prices for Europe, while the increase in rates for the U.S., writes The Wall Street Journal. It is noted that the price per barrel for the United States increased by 10 cents. At the same time for the North-Western part of Europe the …

Saudi Arabia on Sunday, June 5, lowered the price of oil for buyers from Europe, while raising them for the importers of United States. According to The Wall Street Journal. State oil company Saudi Aramco reduced the price of a barrel of crude oil deliveries in July to 35 cents …

Saudi Arabia considers an opportunity to support the establishment of limitation of the level of oil production, if it will amount to 32.5 million barrels per day. It is reported RIA Novosti with reference to the media. In mid-April in the Qatari capital Doha, the negotiations were held between the …

The middle East is one of the three regions that will shape global politics in coming years. The other two to Europe with the problems of the European Union and East Asia, a region where the Chinese are gaining strength ambitions — have a secondary and more lasting impact on …

Saudi Arabia is trying to “get off the oil needle” by diversifying its economy. She intends to focus on the development of other sectors: the government pays much more attention to the problems of health, transport, water, energy and many others. Also, the authorities of the Kingdom are planning the …

Saudi Arabia predicts significant growth of oil production in the country in 2016 and intends to expand its presence in the global market. This was stated by the head of the state oil company Saudi Aramco Nasser Amin, said on Tuesday, may 10, Bloomberg. In particular, in the coming weeks …

Saudi Arabia will continue the current policy in the oil sector. This was stated by the head of the Ministry of energy Khaled al-Faleh. “The Kingdom will remain with its stable policy in the fuel sector”, — he stressed. As reports RIA Novosti news Agency, al-Faleh noted that his country …

This writes the analyst portal OilPrice.com Irina Slav. According to her, Riyadh, usually selling oil on the futures markets at fixed prices, changed myself and decided to put a private oil refinery of China on spot transactions with immediate settlement, taking thus the lead in the export of oil to …

The media in recent days, animatedly discussing the prospects of Saudi Arabia in the face of falling oil prices, which has long been the Foundation of its economy. The beginning of these discussions put the Saudi Prince Mohammed bin Salman, who offered the project lead the country from petroleum dependence …

Despite the rapid rise in oil prices in recent months, the financial system in Saudi Arabia there is a very alarming situation. The lack of money, it seems, is growing, and as a result, financing becomes more expensive. Three-month rates in the interbank market of the country exceeded 2%, reaching …