HOTTEST DAY NEWS

  • Saudi Arabia World leader Oil Fleets
    Industry

    Saudi Arabia Poised to Become the World’s Leader in Oil Fleets

    Continuing its push to make sure that its oil continues to reach its intended destination, Saudi Arabia announced on July 17 an ambitious plan that’s intent on making sure that the Kingdom has the world’s largest oil fleet. Putting together an investment fund that will total $1.5 billion, the proposed project will result in the…

  • production costs saudi ace hole
    Industry

    Production Costs are a Saudi Ace in the Hole

    The continuing watch that comes with stagnant oil prices is usually fixated on Saudi Arabia, given its nearly half-century run of exploiting its geography that allowed trillions of dollars to find their way into government coffers. With no signs of any dramatic shift upward when it comes to oil prices, some alleged experts believe that…

  • 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-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…