by WorldTribune Staff, October 5, 2017 In the first ever visit to Moscow by a reigning Saudi monarch, King Salman is expected to prioritize oil cooperation but will also discuss differences with Russia over Syria and Iran. The King, who arrives in Moscow on Oct. 5, will have several investment deals on his plate, including […]
by WorldTribune Staff, April 11, 2017 With the second shale boom creating lower demand for its oil in the U.S., and new players entering the Asian market, Saudi Arabia is seen looking for a confrontation with Russia for European oil market supremacy, analysts say. Saudi is currently ranked fourth in oil supply to Europe, behind […]
by WorldTribune Staff, November 16, 2016 Kuwait has agreed to supply Egypt with up to two million barrels of crude oil per month at the global price, a report said. The Kuwait deal will fill the gap in Egypt’s oil needs after Saudi Aramco suspended its shipments to Cairo in October. Kuwait’s cabinet on Nov. […]
by WorldTribune Staff, November 3, 2016 Egypt, looking elsewhere to fill its energy needs amid a row with Saudi Arabia, signed an agreement with a Kuwaiti firm that will give Cairo a 20 percent stake in an Iraqi oil field. Kuwait Energy Plc signed an agreement with Egypt General Petroleum Corp. (EGPC) for a 20 […]
Special to WorldTribune.com In increasing its oil exports to China, Saudi Arabia has fired a “shot across Iran’s bow,” industry analysts say. Saudi shipments of oil to China rose by 36 percent in February to the highest level in at least three years, according to ClipperData, a firm that tracks global crude shipments. Analysts seized […]
Special to WorldTribune.com In increasing its oil exports to China, Saudi Arabia has fired a “shot across Iran’s bow,” industry analysts say. Saudi shipments of oil to China rose by 36 percent in February to the highest level in at least three years, according to ClipperData, a firm that tracks global crude shipments. Analysts seized […]