W.Asia
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2016, March, 31, 19:25:00
SAUDI EXPANSION
The world’s biggest oil exporter, known as Saudi Aramco, won’t cancel any oil, gas or refining projects, Amin Nasser told reporters during a conference in Al-Ahsa in eastern Saudi Arabia. Aramco is also studying a possible expansion of the country’s largest oil refinery, Ras Tanura, which has a capacity of 550,000 barrels a day, he said Wednesday.
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2016, March, 29, 18:45:00
ISRAELI GAS DECISION
Critics said the deal gave too much profit to corporations at the public's expense.
The court opposed a clause that would prevent Israel from making significant regulatory changes for the next ten years.
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2016, March, 22, 18:40:00
CHINA'S IMPORTS ROSE 20%
China's total oil imports rose about 20 percent on year to the highest ever on a daily basis in February, when near 10-year low global oil prices drove buying from a group of new importers and for state and commercial stockpiling.
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2016, March, 19, 19:00:00
ISRAEL & RUSSIA COLLABORATION
Israel and Russia are about to agree upon a modus operandi in the East Mediterranean concerning weapons and natural gas deals, several Israeli media reports indicate. According to various assessments, the bottom line of such an agreement would be that Israel will not sell natural gas to Turkey and, in return, Russia won't supply S-300 anti-aircraft missiles and other advanced weapon systems to Iran and other regional enemies of Israel.
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2016, March, 19, 18:50:00
SAUDI & SHELL SHARES
Saudi Aramco, through its wholly owned Saudi Refining Inc. (SRI), and Royal Dutch Shell, through its US downstream affiliate, agreed on Thursday to divide the assets of its 50:50 joint venture Motiva Enterprises.
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2016, March, 3, 19:20:00
SAUDI RAISES PRICE
The world's biggest oil exporter lifted the official selling price (OSP) of its benchmark Arab Light crude by 25 cents a barrel for cargoes loading in April.
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2016, February, 25, 19:00:00
РОССИЯ - НАДЕЖНЫЙ ПОСТАВЩИК
Россия является надежным поставщиком энергоресурсов для Евросоюза и наши отношения являются взаимовыгодными.
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2016, February, 23, 19:10:00
SAUDI PRICE WAR
OPEC launched a price war against U.S. shale and other high-cost producers, including Canadian oil sands and Brazilian deep-water oilfields, in November 2014 by not reducing output despite a global oversupply. Since then, oil prices have plunged by more than half, hitting a 12-year low of about $26 on Feb. 11.
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2016, February, 23, 19:00:00
ACCEPTABLE OIL PRICE: $50
“We’ve worked out a common position,” Novak said, commenting on the deal. “We discussed various options, including doing nothing and cutting production.”
An oil price at $50 a barrel is acceptable for exporters and consumers over the long term, he said. Brent crude, a global benchmark, traded at about $33 on Friday after dropping 45 percent over the past year.
![W.Asia](/cache/2016/02/INDIA-6.16a2a6be.jpg)
2016, February, 20, 20:50:00
THE HIGHEST INDIAN OIL
India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC's top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.
![W.Asia](/cache/2016/02/IRAN-44.8039910c.jpg)
2016, February, 20, 20:45:00
IRAN WILL INCREASE
On Tuesday, Saudi Arabia, Russia, Venezuela and Qatar conditionally agreed to cap their output at last month’s levels in order to halt a slide that has pushed oil prices to their lowest point in more than a decade. Oil prices recently plummeted below $30 a barrel, the lowest in 13 years.
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2016, January, 31, 12:00:00
SAUDI & RUSSIA OIL TALKS
“Co-ordination between Russia and Opec has been discussed in the past and has always come to nothing, and it would be a shock if any different outcome occurred this time,” says James Henderson at the Oxford Institute for Energy Studies.
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2016, January, 28, 18:30:00
КООРДИНАЦИЯ С ОПЕК
Участники совещания обсудили возможность координации действий со странами ОПЕК в связи с неблагоприятной ценовой конъюнктурой на мировом нефтяном рынке.
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2016, January, 10, 18:15:00
SAUDI - IRANIAN COMPETITION - 2
The escalating rivalry between Saudi Arabia and Iran is intensifying bilateral market competition, which some observers say eclipses in importance Saudi concern over expansion of supply from North America.
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2016, January, 10, 18:05:00
SAUDI'S IPO PLAN
The IPO proposal is consistent with the broader direction of economic reform in the kingdom, including state asset sales and market deregulation, Aramco said. Bringing in investors would also strengthen the company’s focus on long-term growth and the prudent management of its reserves, according to the statement.