HOTTEST DAY NEWS

  • Saudi voice on oil
    Industry

    The Saudi Voice on Oil Still Echoes

    Saudi Arabia continues to find itself in a heated battle with countries like Russia, Canada and the United States, for market share when it comes to oil. Yet comments from the Kingdom’s energy minister show that its influence is still felt among both OPEC and non-OPEC nations. As a result of comments by Khalid al-Falih…

  • Saudi Arabia Canada Oil rivalry
    Industry

    The Saudi Arabia-Canada Oil Rivalry Heads to the Gutter

    When it comes to nasty campaigns, politicians are usually the main sources. In theory, such tactics shouldn’t work, especially if they’re outrageous in nature, yet many end up doing just that. Using that philosophy as a cornerstone, an advocacy group for Canada’s oil sands offered up a crude marketing attempt that sought to drastically contrast…

  • Saudis Chinese agreement March 16 oil
    Industry

    Saudis and Chinese Get Closer Through Oil

    During the course of King Salman’s six-week tour of multiple Asian countries, the main focus was geared toward the sale of oil in different contexts. Drumming up interest in next year’s expected IPO of Saudi Aramco was one component, but traditional deals also weren’t left out. In that case, the Saudis and China came to…

  • saudi arabia equtorial guinea economic forum
    Industry

    Saudi Arabia and Equatorial Guinea Come Together

    During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….

  • saudi arabia owns largest american oil refinery
    Industry

    Saudi Arabia Now Fully Owns Largest American Oil Refinery

    Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…

  • Saudis Benefits Back
    Industry

    Saudis Get Some of Their Benefits Back

    While the price of oil is still stuck in neutral, some signs exist in Saudi Arabia that the Kingdom has weathered the worst of the storm and is ready to start taking incremental steps in the months ahead. The reason stems from a decision by the Saudi government on April 22 to bring back the…

  • vision 2030 plan saudi arabia UK
    Industry

    Saudis and Brits Coming Together on Vision 2030 Plan

    The relationship between Saudi Arabia and Great Britain has been a long one that’s been intertwined through both business and politics for the past century. In early April, British Prime Minister Theresa May began a tour of Middle Eastern countries, with one of her first stops in the Kingdom. The basis of that specific visit…

  • Saudis Russians Oil Production Cut Extension

    Saudis and Russians Come Together on Oil Production Cut Extension

    The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…

  • saudi arabia equtorial guinea economic forum

    Saudi Arabia and Equatorial Guinea Come Together

    During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….

  • saudi arabia owns largest american oil refinery

    Saudi Arabia Now Fully Owns Largest American Oil Refinery

    Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…