Saudi Arabia Archives - Page 2 of 2

12th November 2021

COP26: Saudi’s Energy Minister Refutes Claims the Kingdom is Blocking Climate Change Progress

Greenpeace's accusations were rejected by Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, who accused the campaigning organisation of spreading "lies" and "fabrications" about the Kingdom's climate change policies. The...

26th October 2021

OPEC+ Should Not Rush to Increase Production Despite Rising Prices – Saudi and Nigeria Oil Ministers

Saudi Arabia's oil minister, Abdulaziz bin Salman, stated in an interview with Bloomberg that OPEC+ needed to be careful in its approach to oil production changes despite rising prices. Higher...

25th October 2021

Aramco Aims to Achieve Net Zero by 2050 – CEO; Saudi to Achieve Net Zero by 2060 – Crown Prince

Amin Nasser, President and CEO of Saudi Arabia's Aramco, said at the Saudi Green Initiative (SGI) Forum on Saturday that the company's goal is to reach net zero emissions by...

7th October 2021

Saudi Arabia Reduces Oil Prices for Buyers After OPEC+ Meeting and Latest Rally

According to Bloomberg, Saudi Arabia's Aramco has reduced its official crude oil selling price for Asian clients in response to the recent price increase, which was fuelled by OPEC+'s decision...

24th July 2021

Saudi Arabia Announces Discovery of Four New Oil and Gas Fields

Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, recently stated that the world's top crude exporter had identified four new oil and gas reserves. Oil has been discovered at Al...

23rd March 2021

Saudi’s Aramco Reports 44% Slide in its Net Profit for 2020

In a statement to the Tadawul Stock Exchange, where the Company shares trade, the world's largest oil-exporting company, Saudi Aramco, has reported a 44% slide in net profit for 2020...

6th January 2021

Saudi Arabia and Qatar End Gulf Dispute

The Kingdom of Saudi Arabia has agreed to reopen its land, air and sea borders with Qatar, to end a dispute of over three (3) years, which led to an...

14th September 2020

OPEC Celebrates 60th Anniversary

On the 14th of September 1960 in Al-Shaab Hall in Baghdad, the Organisation of Petroleum Exporting Countries was birthed. The five founding fathers were Juan Pablo Pérez Alfonzo of Venezuela;...

6th July 2020

Nigeria Complies to OPEC+ Production cut for June

It was reported at the virtual 19th Joint Ministerial Monitoring Committee (JMMC) that held last month, that the Committee asked laggards in the first month of the OPEC deal to...