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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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 …
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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 …
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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 …
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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 …
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