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HomeSaudi Arabia oil

Saudi Arabia oil

Saudi Arabia News

What does Mohamed bin Salman want from OPEC?

November 28, 2016 MEO Staff

In a surprise move, Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, adding that keeping output at [ More … ]

Will Iran accept OPEC's offer and cut its oil production?
Iran Latest News

How Iran is using Oil output as a pressure tool in regional power conflict

November 23, 2016 Ahmed Rashed

OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, after Iran refused to reduce its [ More … ]

Iran hopes Russia, Saudi can agree on oil market moves
Iran Latest News

Iran hopes Russia, Saudi can agree on oil market stabilise moves

October 23, 2016 Ahmed Rashed

Iran hopes non-OPEC Russia and OPEC heavyweight Saudi Arabia can agree to coordinate on possible actions on the global oil market, as both countries’ ministers met on Sunday. “I hope the two sides can reach an [ More … ]

Egypt Latest News

Gulf writers criticize the Timing of Announcing the $ 2 billion to Egypt

October 13, 2016 MEO Staff

Days after the Saudi oil company Aramco informed Egypt that it would suspend petroleum aid, the Egyptian prime minister told Reuters today that his country received a $2 billion central bank deposit from Saudi Arabia [ More … ]

Egypt Latest News

Unofficial War of Words between Egypt and Saudi Arabia

October 13, 2016 MEO Staff

Following Egypt’s vote on the Russian draft resolution in the United Nations Security Council, Saudi Arabia and Egypt have started an unofficial war of words on media and social networking sites. However, Egyptians and Saudi [ More … ]

OPEC Agrees To Limit Oil Output, prices expected to rise
Iran Latest News

OPEC Agrees To Limit Oil Output, prices expected to rise

September 29, 2016 Ahmed Rashed

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC [ More … ]

Iran Latest News

UAE agrees to support an oil freeze initiative, Saudis & Iran battle in Algeria

September 27, 2016 MEO Staff

The United Arab Emirates will back a global deal to freeze or reduce oil production, which would help boost prices for OPEC nations, reported Reuters. This decision comes while the OPEC countries are meeting for [ More … ]

Why some are accusing Rouhani of playing the woman card?
Iran Latest News

Rouhani: Iran supports any move to stabilize oil market

September 18, 2016 Ahmed Rashed

Iranian President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday. “Instability and falling oil [ More … ]

Iran Latest News

Iran’s oil sale to Japan hits record high, Kuwait’s exports down for the 3rd month

September 16, 2016 MEO Staff

Kuwait’s crude oil exports to Japan fell  8% in July from a year earlier to 5.93 million barrels, or 191,000 barrels per day (bpd), down for the third straight month, government data showed, reported Kuwait [ More … ]

Islamic State Latest News

Saudi Analyst: Why is Daesh Targeting the Gulf States?

August 25, 2016 MEO Staff

On Tuesday August 16, Daesh (the self-proclaimed IS) targeted the Qatif police station in the Eastern Province of Saudi Arabia killing a police guard. This attack is a continuation of Daesh’s operations in the Gulf [ More … ]

Column

Column: Saudi Arabia is facing a ‘squeeze’

August 25, 2016 MEO Staff

Saudi Arabia has a new problem to worry about: borrowing costs. A bunch of ugly warning signs have been bubbling up in Saudi Arabia lately. The economy grew at just a 1.5% clip in the [ More … ]

Saudi Arabia increases crude output to cover market demand
Analysis

Analysis: Reasons why Saudi Arabia keeps playing the market’s game

August 11, 2016 Ahmed Rashed

Saudi Arabia just made it much more likely that OPEC and other oil producers will take action if crude prices weaken. The word that the cartel will meet on the sidelines of an energy conference [ More … ]

Saudi Arabia increases crude output to cover market demand
Saudi Arabia News

Saudi Arabia increases crude output to cover market demand

August 10, 2016 Ahmed Rashed

Saudi Arabia said it pumped 10.67 million barrels of oil per day (bpd) in July, its biggest monthly output. Saudi oil production usually peaks in the summer, and it’s a sign it won’t curb output [ More … ]

Column: Saudi-Iran Oil Rivalry Heats Up as OPEC Seeks Stable Prices
Column

Column: Saudi-Iran Oil Rivalry Heats Up as OPEC Seeks Stable Prices

August 10, 2016 Ahmed Rashed

Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices. Oil’s return to a bear market last [ More … ]

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports
Saudi Arabia News

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports

August 5, 2016 Ahmed Rashed

Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to September purchases, comes after two [ More … ]

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