Aramco
![Oil output in the Neutral Zone is divided equally between Saudi Arabia and Kuwait [Haider al-Assadee-EPA]](https://www.today.ng/wp-content/uploads/2018/10/18204010-324x235.jpg "Oil output from Saudi, Kuwait shared zone on hold as ties sour")
Oil output from Saudi, Kuwait shared zone on hold as ties sour
Saudi Arabia and Kuwait will struggle to resume oil production from jointly operated fields any time soon due to operational differences and souring political ties between the previously close Gulf OPEC allies, sources familiar with the matter said.
Bahrain jails seven over oil pipeline blast
A Bahrain court sentenced seven citizens to prison terms Monday, stripping six of their nationality after finding the group guilty of attacking an oil pipeline last year, according to Arabnews .com reports.
Oil prices hit four-year-high of $81 amid looming Iran sanctions
Oil prices hit a four-year high of $81.48 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil.
Saudi Aramco plans change crude oil price formula
Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia later this year, multiple trade sources said on Wednesday.
Saudi Aramco gets first non-Saudi female board member
State run Saudi Aramco, the world’s top oil company, said on Sunday it has appointed five new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives.
Saudis see oil price on rise as Trump blasts OPEC
Saudi Energy Minister Khaled al-Faleh said Friday the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating prices.
Saudi Arabia and Russia consider 10 to 20 year oil alliance
Saudi Arabia and Russia are working on a long-term deal to extend their alliance on oil curbs that began in January, 2017, after a crash in crude prices.
Saudi Arabia takes first steps to more liberal society
From allowing women to drive, to the lifting of a decades-long ban on cinemas, ultra-conservative Saudi Arabia has recently taken a series of social reforms.
Saudi Arabia to cut oil exports to Asia in January
Saudi Arabia said on Monday it will trim crude exports to Asian customers in January to help accelerate the rebalancing of the international oil market.
OPEC, allies set to agree oil cut extension to end of 2018 – sources
OPEC and non-OPEC oil producers will agree at a meeting on Thursday to extend an output-cutting deal until the end of 2018, four sources familiar with the matter said.
OPEC, Russia set for oil cut extension but wary of overheating market
OPEC and Russia look set to prolong oil supply cuts until the end of 2018 this week while signalling that they may review the deal when they meet again in June if the market overheats.
Oil Price: OPEC to hold crucial meeting Thursday
OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further price rally.
Donald Trump urges Saudi Aramco listing in US
President Donald Trump has urged Saudi Arabia to list the state-owned oil giant Aramco in the United States stock exchange market.
OPEC, allies regain control over oil market
OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices to plunge, but the IEA warned Thursday further restraint is needed if this balance is to be maintained.
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