Oil Exports


Saudi Arabia’s 2017 budget may partly solve huge deficit problem

Saudi Arabia’s budget next year is likely to reveal the kingdom has managed to reduce its massive deficit faster than economists predicted. That may allow Riyadh to increase spending ... Read More

Oil prices rise on trouble at Libya’s oil ports

Crude-oil prices recovered losses in early Asian trade on news that military conflicts in Libya had affected its oil exports over the weekend. The Petroleum Facilities Guards, a militia ... Read More

Saudi Arabia looks to bring in billions of foreign dollars

Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the ... Read More
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym

Iran Outwitting Saudis on Oil, Bloomberg Says

Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at the recent pace, it could raise an ... Read More

Can A Divided OPEC Agree On Anything In Doha?

Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha ... Read More

Iran Oil Lands in Europe for First Time Since Sanctions End

Spanish refiner Cepsa offloads first tanker with Iranian crude France and Romania await cargoes as Iran slowly ramps-up sales The Monte Toledo oil tanker covered the uneventful voyage from ... Read More

Saudi Arabia Spends Billions to Get Asia Hooked on Its Crude Oil

At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds ... Read More

Don’t expect Saudi Arabia to back down when OPEC meets

Cartel may ‘splinter as each country has different agendas and priorities’ Despite a nearly 30% fall in oil prices since a June meeting, don’t expect the Organization of the ... Read More

Iran Moves Closer to Restoring Oil Exports on Nuclear Accord

Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The ... Read More

Russia boosts 2014 oil output by 0.6% to post-Soviet high of 256 mln tons

Russia’s crude oil output rose by 0.6% in 2014 from the previous year to a post-Soviet high of 526.75 million tons, according to data released by the fuel and ... Read More
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