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Crude Oil News in Saudi Arabia

Saudi Aramco, Japan to Expand Okinawa Crude Storage Deal
9/1/2016 - Saudi Aramco and the Japanese government are set to agree on a roughly 2 million barrel expansion of crude storage capacity in Okinawa, used by the state-run firm to store oil, Saudi Aramco CEO Amin N...
Saudi Revenue From Oil and Products Rises 48%
7/17/2012 - Saudi Arabia’s revenue from exports of crude oil and other petroleum products jumped 48 percent in 2011 as shipment volumes increased over the previous year, OPEC reported. ...
Saudi to Supply Full Crude Oil Volume to Asia in May
4/9/2012 - Saudi Arabian Oil Co., the region’s largest supplier, will provide full contracted volumes to customers in Asia during May, according to four buyers at refineries in South Korea, Japan and Singapore w...
Saudi Arabia to Burn Less Crude Oil, Gas Output up
3/30/2012 - Saudi Arabia is likely to burn less crude in its power plants this summer thanks to rising output from dedicated gas fields and gas that would be associated with any increase in oil output to make up ...
Saudi Domestic Oil Use Leaps 13%
12/20/2011 - According to official figures cited by Bloomberg, crude oil consumption in Saudi Arabia jumped 13.7% in October from the previous month, reaching the highest level since at least 2002. The Kingdom use...
First Flow of Saudi Crude to PetroChina's Dalian Refinery
8/27/2008 - The first cargo of Saudi Arabian crude oil bound for PetroChina’s Dalian Petrochemical Company arrived at the Dalian Xingang terminal on August 26. The two-million-barrel cargo of Arabian Light was ca...
Natco Technologies to be Used in the Manifa Arabian Heavy Crude Programme
5/21/2008 - Natco Group announced that it will provide equipment and technology to Foster Wheeler for the Saudi Aramco Manifa Arabian Heavy Crude Programme, in the Kingdom of Saudi Arabia. The development of the ...
Saudis Aim to Boost Oil Reserves By 76%, Gas By 40%
5/4/2007 - Saudi Arabia aims to increase its crude-oil reserves by 76 percent and gas reserves by 40 percent, as it seeks to retain its position as the world's largest petroleum exporter this century. Saudi Oil ...
Seawater Project Largest of Its Kind
1/31/2007 - The Qurayyah Sea Water Plant (QSWP) Expansion Project is forging ahead with a team of Saudi Aramco engineers working closely with contractor personnel in Italy. The project will support increasing oil...
Saudis Again Cutting Oil Production to Raise Price
1/30/2007 - Saudi Arabia, which already has aggressively shaved its oil output in a battle to shore up prices, will reduce production by another 158,000 barrels per day beginning Thursday and more cuts are on the...
Saudi Arabia Continues to Support 'Equitable' Oil Price
1/23/2007 - Saudi Arabia continues to support an oil policy of a balance between "equitable" crude prices and production, Saudi Ambassador to the U.S. Prince Turki Al Faisal said Monday. He didn't elaborate on wh...
Crude Oil Hits Nearly 20-Month Low As Saudi Arabia Dismisses Cuts
1/18/2007 - Crude-oil futures slumped to a nearly 20-month low after OPEC's most powerful member, Saudi Arabia, quashed speculation the cartel is planning to discuss further production cuts.
Saudi Arab...
Saudi Arabia to Deepen Supply Cuts to Japan Buyer
1/11/2007 - Saudi Arabia told one of its crude oil buyers in Japan that it'll deepen supply cuts in February, an official at the Japanese company Thursday. State-owned Saudi Arabian Oil Co. , or Aramco, told the ...
One US Firm Gets Less Saudi Oil, Expects Cuts to Continue
11/28/2006 - One of Saudi Arabia's biggest U.S. crude oil customers is making do with less from the OPEC heavyweight and sees the reduction of Saudi supplies continuing in the "immediate future." Unlike other Sau...
Saudi Oil Min: "Very High Probability" OPEC to Cut Again
11/7/2006 - Saudi Arabian Oil Minister Ali Naimi reiterated Tuesday that there is a "very high probability" that the Organization of Petroleum Exporting Countries will take further steps to rebalance the market b...
Saudi Aramco Exec: Production Cuts to Be Implemented
10/31/2006 - Saudi Arabia definitely plans to proceed with the oil production cut it announced earlier this month, a top Saudi Arabian oil executive said Monday. "The cuts that have been" announced "will definitel...
Saudi Arabia to halt gasoline import
10/21/2006 - Saudi Arabia, where high crude prices have caused oil demand to soar, may be able to temporarily stop importing over 500,000 barrels a month of gasoline when it starts selling a lower-octane grade at ...
OPEC Cuts Deep to Boost Prices Amid Doubts on Compliance
10/20/2006 - Moving to shore up oil prices at a time of burgeoning crude stocks across the world, OPEC agreed to cut oil production for the first time in almost two years, pledging to take a larger-than-expected 1...
FW-Led JV Wins Saudi Aramco Khurais EPC Contract
9/20/2006 - Foster Wheeler Ltd. announced that a joint venture led by Foster Wheeler Energy Limited with Korea's Hyundai Engineering and Construction Co., Ltd., has been awarded a lump-sum turnkey engineering, pr...
SVP Charts Refining Future
9/19/2006 - Abdulaziz F. Al-Khayyal, Saudi Aramco's senior vice president of Refining, Marketing and International, examined the global refining industry's response to the current refining boom and charted a cour...

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