Saudi Aramco, petrochemicals conglomerate Saudi Basic Industries Corp (Sabic) have joint venture businesses in China RIYADH (Reuters) – Saudi Arabia wants to expand its investments in China’s energy industry, its Energy Minister Khalid al-Falih said late on Friday, part of the world’s top oil exporter’s efforts to boost cooperation with a top customer. Falih’s comments […]
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Saudi Arabia appears to be conceding market share to rivals By Clyde Russell LAUNCESTON, Australia, June 30 (Reuters) – Has Saudi Arabia already switched tack and started to surreptitiously balance supply and demand in the crude oil market? One of the persistent themes of crude oil markets since the price crashed in mid-2014 is that top
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BP unlikely to invest in Saudi Aramco IPO – CEO MOSCOW, June 16 (Reuters) – Oil major BP Plc is unlikely to invest in the Saudi Aramco IPO, Chief Executive Bob Dudley told reporters at the St Petersburg International Economic Forum on Thursday. “It’s unlikely we would be a financial investor in Saudi Aramco,” he
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India posted fastest oil demand growth in 2016 Q1 By Nidhi Verma NEW DELHI, June 3 (Reuters) – Global oil majors including Saudi Aramco and Total plan to tap the retail fuel market in India, its oil minister said on Friday, reflecting the expanding role of the world’s fastest-growing large economy on the global crude
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Saudi Aramco has reached record levels of oil production, gas processing KHOBAR, Saudi Arabia, May 27 (Reuters) – Saudi Arabia’s state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister said. Khalid al-Falih, who
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Deputy Crown Prince Mohammed bin Salman oversees Saudi energy policies REUTERS – Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995. The change is unlikely to mean a shift
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