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Tag Archives: Arabia39s

Saudi Arabia's 'control' and 'influence' on oil giant

The public listing of Saudi Arabia's state-owned oil company has been highly anticipated by the market, but analysts say investors should consider the kingdom over the company. "The biggest issue with Aramco is that everything about." Pavel Molchanov, director and energy analyst at Raymond James. Aramco said in an email that he will respond to CNBC's queries on "earliest opportunity." …

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Saudi Arabia's oil field attacks a new player in the Gulf confrontation

Several shells hit the Abiqaiq plant, triggering a series of fires that quickly caused half of Saudi Arabia's oil production – 5% of world's daily output – and triggered fears over the security of global oil supplies. It is unclear when Abiqaiq, run by the Saudi giant Aramco, will be fully operational again. Houthi rebels in Yemen claimed the attack …

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Saudi Arabia's giant and secret oil company will release its half-year earnings on Monday

The Saudi Arabian Oil Company, known as Saudi Aramco, has been working on what may have been the largest IPO in history. But the process has stalled as the oil market faltered, journalist Jamal Khashoggi was assassinated, and skepticism about Saudi Arabia's $ 2 trillion rating was heavily targeted. The release of the company's financial results for the first half …

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Saudi Arabia's oil exports fall below 7 million Bpd in February

Oil exports continued to decline in Saudi Arabia later this year. Crude oil shipments fell by 227,000 bpd in February. At just under 7 million bpd. The Kingdom is determined to rebalance the market in supporting oil prices. According to data released Thursday from the database of the Organization of Joint Organizations Database (JODI), which collects self-reported figures from 114 …

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House voices to stop helping Saudi Arabia's war in Yemen

Some senators, frustrated by the government's reaction, refused to support the resolution, arguing that the call for resolution by the warring powers was to be judged independently of their dissatisfaction with the White House. "I think that's different – it has to be From a point of pragmatism – from Mr. Khashoggi and his murder," said Rubio, who will not …

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Saudi Arabia's budget for 2019 announces higher spending

Saudi Arabia's economy contracted for the first time in nearly a decade last year, when the private sector was hit by headwinds. Companies are struggling with higher electricity and fuel prices and a 5% VAT rate introduced at the beginning of the year. Unemployment, which was just over 12 percent last summer, is at its highest level in a decade. …

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Saudi Arabia's role in the Yemen war is re-examined following the killing of Khashoggi

Yemeni fighters of Popular Resistance Committees loyal to the Saudi-backed Yemeni government are attending a closing ceremony in the Yemeni city of Taez on October 27. (Ahmad al-Basha / AFP / Getty Images) [19659002CAIRO- In Saudi Arabia's war in neighboring Yemen, the coalition led by Saudi Arabia carefully chooses targets for its air strikes. The rapidly rising civilian death toll …

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Trump, breaking with US intelligence, seems to accept Saudi Arabia's declaration of the journalist's death

WASHINGTON – President Trump broke with his own intelligence services on Friday and seems to have accepted Saudi Arabia's statement that journalist Jamal Khashoggi was killed in a fistfight accident, while United States intelligence agencies are increasingly convinced that he was murdered senior orders of the Saudi royal court . Trump, who has cultivated Crown Prince Mohammed bin Salman and …

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Will Saudi Arabia's Geopolitical Strategy Backfire?

Russian Deputy Foreign Minister Mikhail Bogdanov said on Friday that Vladimir Putin is preparing to visit Saudi Arabia. The statement comes after the Russian president has received an invitation from Saudi King Salman at unspecified time, according to reports. Bogdanov added the visit is pending on Putin's schedule. King Salman became the first Saudi monarch to visit Russia last October, …

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