Tag: ENERGY

Saudi Aramco Storage Facility Targeted By Houthi Attack, Causing Fire

March 25, 2022

RIYADH, Saudi Arabia – Yemen’s Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi – led coalition said oil giant Aramco’s petroleum products distribution station in Jeddah was hit, causing a fire in two storage tanks but no causalities. A huge plume of black smoke could be seen rising over … More Saudi Aramco Storage Facility Targeted By Houthi Attack, Causing Fire

Putin Says Russia Will Switch Gas Sales To Roubles For ‘Unfriendly’ Countries

March 23, 2022

PARIS, France – Russia plans to switch its gas sales to ‘unfriendly’ countries to roubles, President Vladimir Putin said on Wednesday, responding to a freeze on Russia’s assets by foreign nations over events in Ukraine that he said had destroyed Moscow’s trust. European countries’ dependence on Russia gas and other exports has been thrown into … More Putin Says Russia Will Switch Gas Sales To Roubles For ‘Unfriendly’ Countries

Saudi Not Responsible For Any Oil Shortage After Houthi Attacks, SPA Says

March 21, 2022

PARIS, France – Saudi Arabia said it would not bear responsibility for any shortage in oil supplies to global market in light after recent attacks by Yemen’s Iran – aligned Houthis on Saudi oil facilities, Saudi state news agency (SPA) reported on Monday. The Houthis fires missiles and drones at Saudi energy and water desalination … More Saudi Not Responsible For Any Oil Shortage After Houthi Attacks, SPA Says

UK PM Johnson Seeks Additional Oil Flows IN UAE, Saudi

March 16, 2022

LONDON – British Prime Minister Boris Johnson visits the United Arab Emirates and Saudi Arabia on Wednesday as part of efforts to secure additional oil flows and increase pressure on Russian President Vladimir Putin over Ukraine. With Britain, like much of the West, facing spiralling energy prices, Johnson is keen to encourage producers to increase … More UK PM Johnson Seeks Additional Oil Flows IN UAE, Saudi

Oil Jump After UAE Says It Is Committed To OPEC+ Supply Pact

March 10, 2022

Paris, France – Oil Prices rebounded on Thursday after the United Arab Emirates said it is committed to major producers’ pact to add 400,000 barrels per day of supply monthly, hours after UAE’s ambassador to Washington said his country favoured a bigger increase. U.S. West Texas Intermediate (WTI) crude futures jumped more than $3 shortly … More Oil Jump After UAE Says It Is Committed To OPEC+ Supply Pact

Russia’s Putin, Abu Dhabi Crown Prince Pledge To Continue Coordination In Energy

March 1, 2022

MILAN, Italy – Russian President Vladimir Purin And Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al – Nahyan, in a phone call on Tuesday, discussed the OPEC+ oil deal and pledged to continue coordination on global energy markets, Russian news agencies reported. The OPEC+ group of leading oil producers is due to meet online … More Russia’s Putin, Abu Dhabi Crown Prince Pledge To Continue Coordination In Energy

Saudi Reaffirms Commitment To OPEC+ Agreement With Russia, Calls For De – Escalation In Ukraine

March 1, 2022

PARIS, France – Despite international pressure to increase output, Saudi Arabia’s cabined, chaired by King Salman bin Abdulaziz Al Saud, reaffirmed its commitment to the OPEC+ agreement – a pact made by 10 major crude oil producers and Russia to gradually pump more oil in the market to meet demand – a statement by the … More Saudi Reaffirms Commitment To OPEC+ Agreement With Russia, Calls For De – Escalation In Ukraine

Saudi Aramco Finds New Gas Fields In Four Regions – News Agency

February 28, 2022

PARIS, France – Saudi Aramco has discovered natural gas fields in four regions of the kingdom, the Saudi Press Agency reported on Sunday, citing Energy Minister Prince Abdulaziz bin Salman. The fields were found in the central area of the kingdom, in the Empty Quarter desert, near its northern border and in the eastern region, … More Saudi Aramco Finds New Gas Fields In Four Regions – News Agency

Saudi Crown Prince Discusses Ukraine Developments, Energy Market With France’s Macron

February 28, 2022

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman discussed the developments in the Ukraine war and its repercussions on the energy markets with France’s President Emmanuel Macron in a phone call on Sunday, state news agency SPA reported. The two leaders discussed bilateral relations and opportunities for developing cooperation in various fields. ‘They … More Saudi Crown Prince Discusses Ukraine Developments, Energy Market With France’s Macron

Saudi Arabia Committed To Energy Market, Stability, Says Foreign Minister

February 20, 2022

MUNICH – Saudi Arabia is committed to working with its OPEC+ partners to ensure energy – market stability, the country’s foreign minister said on Saturday, adding this required the participation of all members. Prince Faisal bin Farhan Al Saudi was responding to a question on whether the world’s top oil exporter would act to address … More Saudi Arabia Committed To Energy Market, Stability, Says Foreign Minister