Saudi Aramco

A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

$25 trillion investment needed to meet future oil demand

The world needs to invest $25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the ... Read More
oil markets

Oil prices: OPEC may finally take action if crude’s slide continues

Oil’s recent dip back into the $30s per barrel may be enough to get some OPEC members to curb their bickering and consider joint action — especially if oil ... Read More

Saudi Arabia Cuts Oil Prices in Europe as Iran Ramps Up Exports

Saudi Arabia on Sunday cut its oil prices to Europe, signaling mounting competition after OPEC failed to cap its output amid Iran’s exports ramp up. In an email sent ... 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

Oil crisis? Here is how Saudi Arabia plans to shake up its economy

In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of ... Read More

Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue

Levies on expats, energy, luxury goods, sugary drinks seen Plan is to boost non-oil revenue to balance budget by 2020 The biggest economic shake-up since the founding of Saudi ... Read More

Saudis to take control of largest U.S. refinery

The crown jewel among America’s oil refiners may soon be owned by Saudi Arabia. Saudi Aramco, the state oil company of OPEC’s most powerful player, recently announced plans to ... Read More

Shell, Saudi Aramco Plan to Break Up Motiva Partnership

Ownership of biggest refinery in the U.S. will shift to Saudi Arabia’s hands Oil giants Royal Dutch Shell PLC and Saudi Arabian Oil Co. plan to end their long-standing fuel partnership, ... Read More
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