Saudi Arabia to press for higher oil prices ahead of Aramco
Saudi Arabia, as OPEC's biggest exporter, has been called the organization's "first among equals" by the Council of Foreign Relations, is hoping to keep oil prices high ahead of the highly ...
Oil jumps as Saudi Arabia reports drone 'terrorism' against
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What the attack on Saudi oil production may mean for Alberta
JODI data indicate that Saudi Arabia held nearly 180 million barrels of crude oil in inventory at the end of July 2019. Saudi Arabia can use these inventories to maintain a similar level of crude oil exports as before the attack, assuming the production outage doesn't last long, which Saudi Aramco indicated in its update on September 17.
Saudi Arabia's $100 Oil Dilemma | OilPrice.com
Saudi Arabia is rumored to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn.. Saudi officials want more revenues for their budget and a ...
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Dammam No. 7, the first commercial oil well in Saudi Arabia, struck oil on March 3, 1938. Saudi Arabia crude oil production 1950-2012 Saudi Arabian oil was first discovered by the Americans in commercial quantities at Dammam oil well No. 7 in 1938 in what is now modern day Dhahran .
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Type your search and press ... the authority reported an increase in U.S. commercial crude oil ... EIA's report comes amid relatively stable prices as the tension between Saudi Arabia and the ...
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Saudi Aramco to sell 1.5% stake, valuing company up to $1.7T
DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale.
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In 1972, Saudi Arabia gained a 20 percent control in Aramco, thereby decreasing US control over Saudi oil. In 1973, Saudi Arabia led an oil boycott against the Western countries that supported Israel in the Yom Kippur War against Egypt and Syria. Oil prices quadrupled.
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Saudi Arabia: Drone attacks knocked out half its oil supply
The effort is aimed at bolstering oil prices and reminding potential Aramco investors of Saudi Arabia's considerable sway within OPEC. ... Saudis to Press OPEC Members for Production Cuts Ahead ...
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Saudi Arabia used less crude oil for power generation in 2018
In 2018, Saudi Arabia reported burning an average of 0.4 million barrels per day (b/d) of crude oil for power generation, the lowest amount since at least 2009, the earliest year that data are available from the Joint Organizations Data Initiative (JODI). Saudi Arabia burns considerably more crude oil directly for power generation than any other country.
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Attack on Saudi oil facilities highlights danger of 'kamikaze
The recent attack on Saudi oil facilities has cast a spotlight on an increasingly used but often misunderstood piece of combat technology: "kamikaze" or "suicide" drones. And the incident has ...
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