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Saudi Arabia

Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia’s pledge to raise crude production to a record high, two weeks before U.S. sanctions potentially choke off Iranian supplies. more

Plant Management & Operations

Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. more

Refining/Petrochemical

National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia....the joint venture will provide high-specification land rigs, rig and drilling equipment more

Drilling & Exploration

Oil was mixed on Tuesday, pressured by reports of increased Saudi production and escalating trade conflicts, but receiving support from production losses in Canada and Libya. more

Refining/Petrochemical

An analysis of Saudi Arabia’s crude oil production shows that over $79.6bn in capital expenditure (capex) will be spent on oil projects over the next four years. Ensuring the country’s production remains around 11.2 mmbd in 2021. more

Upstream

Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group's supply-reduction deal to a record high of more than 90%. more

Refining/Petrochemical

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