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Tag: saudi
Oil Prices Rise to 11-month High after Saudi Arabia Pledges Unilateral Output Cut
2021-01-06 11:15:00| OGI
WTI futures in the U.S. climbed as much as 0.6% to $50.24/bbl, also the highest since Feb. 26, before slipping to $49.96. The contract on Jan. 5 closed up 4.6%.
Saudi Arabia Deepens Cuts as OPEC+ Agrees Oil Output Rollover
2021-01-05 19:00:00| OGI
Saudi Arabia is going beyond its promised cuts as part of the OPEC+ group of oil producers to support both its own economy and the oil market, the countrys energy minister says.
Chinas US Oil Imports Near Record, Saudi Imports up 43%
2020-12-28 11:15:00| OGI
China's crude oil imports from the U.S. soared 13 fold in November from a year earlier to the third highest on record as companies accelerated energy purchases set out under a trade deal with Washington.
Oil Giant Aramco May Have to Sell Assets to Maintain Saudi Dividend
2020-12-16 19:05:00| OGI
While Saudi Arabia has increased non-oil revenues this year, Saudi Aramco still accounted for more than half its total income, and will be key to containing a budget shortfall this year.
Tags: sell
oil
maintain
assets
CGGs Sercel Wins Second Saudi Mega-crew Equipment Contract
2020-12-14 19:05:00| OGI
The award of this second mega-crew equipment contract in Saudi Arabia significantly strengthens Sercels already well-established position in the Middle East, CEO Emmanuelle Dubu says,
Tags: equipment
contract
saudi
wins
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