Saudi Arabia Targets Net Zero Emission By 2060: Crown Prince

RIYADH, Saudi Arabia – Saudi Arabia aims to reach zero – net emission by 2060, Crown Prince Mohammed bin Salman, the Head of the Higher Committee for the Saudi Green Initiative (SGI), pledged at an environment conference in the Kingdom on Saturday. The Crown Prince, in recorded remarks, announced plans to cut carbon emission by … More Saudi Arabia Targets Net Zero Emission By 2060: Crown Prince

Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

LONDON – Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000 – 600,000 barrels per day (bpd), adding that the world was now waking up to shortages in the energy sector. Prince Andulaziz said the potential switch depended on how severe winter … More Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

UAE Oil Minister Says Energy Demand Peaking, Important To Maintain Market Balance

PARIS, France – Demand for energy and especially natural gas is peaking, the oil minister of the United Arab Emirates said on Thursday, adding that it was important to maintain balance in the market. The minister, who was speaking on the sidelines of an energy forum in Moscow, also said that the United Arab Emirates … More UAE Oil Minister Says Energy Demand Peaking, Important To Maintain Market Balance

Saudi Arabia To Ask Foreign Energy Companies To Up Domestic Input To 70% – Sources

LONDON – Saudi Arabia will require foreign firms working in the energy sector, including petrochemicals and water desalination, to boost local input to at least 70% in order to secure government contracts, three sources familiar with the matter said. Energy Minister Prince Abdulaziz bin Salman discussed the plan to increase domestic input with local and … More Saudi Arabia To Ask Foreign Energy Companies To Up Domestic Input To 70% – Sources

Qatar Energy Minister Kaabi Unhappy With High Gas Prices

PARIS, France – Qatar is not happy about a spike in gas prices, the top liquefied natural gas supplier’s minister of state for energy said on Monday. ‘I am unhappy about gas prices being high. They are negative for the customer, and customers being satisfied is the most important thing for me’, Saad al – Kaabi … More Qatar Energy Minister Kaabi Unhappy With High Gas Prices

Saudi To Supply Additional Crude TO Some Asian Refiners In Nov – Sources

PARIS, France – Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge  of the matter said on Monday. Full supply volumes were expected for the month, one of the source said. The world’s top oil exporter has … More Saudi To Supply Additional Crude TO Some Asian Refiners In Nov – Sources

OPEC Meets On Output Increase As Oil Prices Rally

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above $80 per barrel. The oil price rally to three – year high is exacerbated by an even bigger increase in gas prices, … More OPEC Meets On Output Increase As Oil Prices Rally

Top White House Aide Discussed Oil Prices With Saudi Arabia

Washington – A senior aide to President Joe Biden raised the issue of oil prices in conversations this week with the leadership of top crude producer Saudi Arabia, according to the White House. Biden’s national security adviser, Jake Sullivan, met in Saudi Arabia with Saudi Crown Prince Mohammed bin Salman on Tuesday to discuss the … More Top White House Aide Discussed Oil Prices With Saudi Arabia

Oil Down After Deep Saudi Cuts Spur Demand Concerns

London – – Oil prices fell on Monday, extending losses after the world’s top exporter Saudi Arabia slashed crude contracts prices for Asia over the weekend, reflecting well – supplied global markets and concerns over the outlook for demand. Brent crude futures for November fell 49 cents, or 0.67 to $72.12 per barrel by 1042 … More Oil Down After Deep Saudi Cuts Spur Demand Concerns