Saudi – Page 3 – Oil & Gas 360

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

April 11, 2018

Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia. Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam cracker (50% ethane and refinery off-gas) with a capacity of 1.5 million tons per year of ethylene and related high-added-value

Saudi Arabia’s Oil Shipments to America have Plunged to 1988 Levels

March 21, 2018

Reducing exports to U.S. – strategy worked From CNN/Money Saudi Arabia’s oil shipments to the United States have declined sharply despite closer ties between the two nations under President Trump. American imports of Saudi crude dropped 14% last year to 943,000 barrels per day, according to US government statistics. That’s the lowest since 1988, President Reagan’s final year in office.

Saudi Arabia’s Al-Falih Shifts to a Harder Line to Hold Oil Prices Higher

February 19, 2018

From Bloomberg Kingdom needs higher prices to implement sweeping economic reforms: RBC For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated

Pioneer’s Decision Cements Permian Basin’s Status As “Saudi Texas”

February 7, 2018

From Forbes The report in the Dallas Morning News Wednesday morning that Pioneer Natural Resources has decided to divest all other assets in order to focus exclusively on the Permian Basin confirms what many have already known: the Permian truly is America’s “Super Basin,” or as others prefer to call it, Saudi Texas. After all, it isn’t as if the assets Pioneer will

Russia and China should boost their energy cooperation, including increasing their oil trade, which could lead to the establishment of new benchmarks and raise the two countries' clout in the market Oil & Gas 360

Russia On Board with OPEC that Global Oil Alliance Could Continue Past 2018

January 22, 2018

Oil market still isn’t fully re-balanced, Russia’s Novak says It’s unclear whether inventories will drop at same pace: Falih From Bloomberg OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that. Russia is prepared to continue cooperating with OPEC and its

Oil & Gas 360® Presents “TOP MINDS IN THE BUSINESS” an Exclusive Interview with Tom Petrie

January 27, 2015

https://www.oilandgas360.com/wp-content/uploads/2015/01/Petrie-2015-0116-Final-01.mp4 View the PDF – Download Video File Few people understand the business of oil and gas better than Tom Petrie. After serving as senior oil analyst for First Boston, Petrie co-founded Petrie Parkman & Co., merged it into Merrill Lynch and subsequently served as Vice Chairman of Bank of America Merrill Lynch. Most recently Petrie co-founded Denver-based Petrie Partners, a boutique

Oil Prices bring new thinking to Energy Companies

Oil. It’s What Drives the World.

January 8, 2015

Hell no, I do not want to relive 1986! Yesterday a client said, “It feels like 1986.” We haven’t heard that since 1986, and that year was a pivotal one. The United Kingdom and France announced plans to construct the Channel Tunnel The Space Shuttle Challenger disintegrated shortly after launch Halley’s Comet made its second visit to our solar system

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