Saudi Arabia

OPEC is expected to announce that the cartel will slash an additional 500,000 barrels a day from production, lowering daily global crude oil supply by 1.7 million barrels a day.
Paul Ausick
The IPO of Saudi Arabia's national oil company, Saudi Aramco, has been restricted basically to Saudi citizens who have been incentivized to pay up.
Paul Ausick
The IPO of Saudi Aramco will commence its book-building period on Sunday, ahead of its December pricing and sale.
Paul Ausick
A hot war between Saudi Arabia and Iran would push crude oil prices "unimaginably" high, according to Saudi Crown Prince Mohammed bin Sultan. How likely is such a war?
Paul Ausick
The U.S. stockpile of crude oil rose by 1.1 million barrels last week, the first gain in five weeks. Hopes for a quick recovery in Saudi Arabian production also have been raised.
Paul Ausick
The last massive release of crude from the U.S. Strategic Petroleum Reserve was in 1991, when conflicts in the Middle East disrupted the oil markets. That may happen again in the coming weeks if the...
Douglas A. McIntyre
Few economists believe the global economy is growing or will grow soon, at least at a healthy level. High oil prices only make the dicey situation that is the global economy worse.
Douglas A. McIntyre
The drone attack on Saudi Arabia's Abqaiq facility has pushed share prices of U.S. oil and gas companies up sharply. The gains are unlikely to last
Paul Ausick
After the weekend attacks on Saudi Arabia's oil production and infrastructure, the major and leveraged oil stocks all saw major gains early Monday, but it was a very mixed bag in the transportation...
Jon C. Ogg
Is it unimaginable that oil prices could reach $100 a barrel? No. Crude prices reached that point just over a decade ago.
Douglas A. McIntyre
While drones already are being used commercially in many industries, almost every upside use can come with a downside. Drones can be used against the public, businesses, transportation and law...
Jon C. Ogg
The surge in U.S. production and the politics of OPEC finances have allowed America to move ahead of Saudi Arabia to become the world's largest oil exporter.
Douglas A. McIntyre
Over the weekend, Saudi King Salman bin Abdulaziz appointed a new oil minister who will join with a new leader of the country's national oil company in an effort to lift oil prices by at least $15 a...
Paul Ausick
The OPEC Monthly Oil Market Report for August was released today. It didn't make much noise when it landed.
Paul Ausick
Saudi Arabia has virtually doubled its oil exports to China and halved its exports to the United States. Is this trouble for the United States, or Saudi Arabia, or China, or even Iran?
Paul Ausick