Saudi Arabia intends to take Bank loan in the amount of $6 billion to $8 billion, which will be the first most significant foreign borrowing by the Kingdom’s government for the first time in ten years. Riyadh asked the lenders to extend the five-year loan in U.S. dollars with …
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As noted in his new article known Western journalist and analyst Phil Butler, who worked closely with the leading Western oil experts, there are many indications that Saudi Arabia running out of oil. According to preliminary estimates, this should happen was by the year 2030. However, recent data show that …
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The national oil company of Saudi Arabia Saudi Aramco raises prices for consumers, setting the tone for the whole market. © Ilya Pitalev/RIA Novosti Saudi state company Saudi Aramco has extended the business in media reports of his intention to raise oil prices for consumers in Asia and Europe. Analysts …
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Saudi Arabia is ready to continue oil dumping Aleksey Topalov Shutterstock Saudi Arabia is ready to continue price war, and States that American oil projects must either reduce costs or leave the market. Until that happens, Riyadh will continue to play down, increasing the pressure on the oil quotes. …
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The world prices for oil during the auctions on Wednesday have gone down amid statements by oil Ministers of Iran and Saudi Arabia about the plan by freezing the level of oil production, as well as on the background of pessimistic data the American petroleum Institute weekly stocks in the …
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Columnist for the Financial Times Nick Butler writes that by agreeing to painful enough for the initiative, Saudi Arabia has recognized the limitations of its influence on the oil market. Butler noted that the agreement with Russia with the support of other manufacturers of suspension of oil production at the …
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The foreign Minister of Saudi Arabia Adil al-Jubayr said that the Kingdom is “not ready” to cut oil production, Reuters reports. The idea that among the countries-oil exporters Riyadh needs to cut production to prevent a drop in oil prices, has put forward in Iran. “If other manufacturers want to …
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