HOTTEST DAY NEWS

  • carbon
    Science

    Petroleum: Composition and Properties

    Petroleum is a mixture of several hydrocarbons and chemicals. The composition will vary depending on where the petroleum was found. In fact, you can find out where a certain sample of petroleum came from through chemical analysis. However, there are some characteristic properties that are common to all varieties of petroleum. Common hydrocarbons Four kinds…

  • OPEC
    Industry

    Meet OPEC: The Organization of Petroleum Exporting Countries

    The OPEC (short for Organization of Petroleum Exporting Countries) was founded in 1960 in Baghdad, by Iraq, Iran, Saudi Arabia, Venezuela and Kuwait. Currently, OPEC has 12 member countries. The goal of OPEC is to secure steady incomes to the member countries and to influence world oil prices through economic collaboration. Any country that exports…

  • Saudi Aramco ADNOC
    Industry

    Saudis and Abu Dhabi Focusing on Renewables Market

    The continuing business challenges that are part of the current oil landscape are serving as the impetus for Saudi Arabia and Abu Dhabi to find additional common ground when it comes to seeking out new areas of economic growth. That’s why the two nations’ state-run oil companies forged an agreement at the start of April…

  • saudi-marketing-nodern-vision
    History

    Saudi Marketing Needs a Modern Vision to Keep Market Share

    Inany area of business, an insidious arrogance about a company’s approach toward maintaining market supremacy. That mentality usually trickles down to the marketing of whatever product is being sold. When it comes to oil, Saudi Arabia and its state-run oil company, Saudi Aramco, have been the world’s leader in supplying customers across the globe. Beginning…

  • syrian-conflict-rift-saudis-egypt
    History

    Syrian Conflict Causes Rift Between Saudis and Egypt

    What had been a warming of relations between Saudi Arabia and Egypt has apparently frozen over after news of the Saudis suspending shipments of oil supplies to their Middle Eastern neighbor. Though no specific reason for the October 10 decision was publicly noted, diplomatic experts feel that the political machinations dealing with the ongoing civil…

  • saudi-arabia-iran
    History

    Are Saudi Arabia and Iran Ready to Work Together?

    With no apparent end in sight to the stagnant oil market, Saudi Arabia has been forced to make what’s undoubtedly a distasteful gesture in an effort to boost oil prices. That action involves making the effort to cut its production of the commodity if its Middle East rival, Iran, also follows suit. This decision is…

  • Saudi Arabia Egypt
    History

    The Tightening Bond Between Saudi Arabia and Egypt

    The new economic bond between Saudi Arabia and Egypt in which petroleum is a key aspect marks a sharp contrast to the previous rivalry between the two countries. Those conflicts over generations were most recently on display during the Arab Spring revolt in 2011 that toppled Egyptian leader Hosni Mubarak. However, the two countries have…

  • 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…