Saudi Arabia

Saudis Prepare for Possible Aramco IPO Delay to 2019 – Bloomberg – 13/09/2017

Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.

Source:  Bloomberg, 13/09/2017

By |September 14th, 2017|Categories: News|Tags: , , |

The Trump administration: from climate Scylla to energy Charybdis

It was expected that the Trump administration would not waste time in implementing his campaign promises. In fact, within a few months, a handful of decisions are breaking down regulatory provisions that would have helped the United States meet the energy and climate challenges of the coming decades. Under the guise of restoring optimal conditions [...]

By |June 8th, 2017|Categories: Analyst's Insight|Tags: , , , , , , , |

Saudi Arabia Maintains Renewable Energy Push, Seeks 10% By 2023 – Clean Technica – 18/04/2017

Saudi Arabia’s Energy Minister has announced that his country is aiming to produce 10% of its power from renewable energy sources by 2023, and seeks to complete 30 solar and wind energy projects with a total of 9.5 gigawatts of renewable energy.

Source:  Clean Technica, 2017/04/18

By |April 20th, 2017|Categories: News|Tags: , , |

OPEC Revenue up 17% After Production Cuts: Baird – Oil & Gas 360 – 07/03/2017

OPEC may be better off since its recent cuts, with revenues up since cuts were implemented, according to a release by Baird Equity Research.

Source:  Oil & Gas 360, 2017/03/07

By |March 9th, 2017|Categories: News|Tags: , , , |

Saudi Arabia kicks off a $50bn renewable energy plan to cut oil use – africanews.com – 21/02/2017

Saudi Arabia has announced a kick-off of a $50 billion renewable energy project as the world’s top crude export turns to solar and wind power in meeting growing energy demand.

Source:  africanews.com, 2017/02/21

By |February 23rd, 2017|Categories: News|Tags: , , , |

Saudi public debt climbs back to 14% of GDP – TheNewArab – 01/12/2016

Saudi Arabia's ministry of finance announced a total public debt of 342.4 billion riyals ($91 billion) on Wednesday night, as the country adjusts its economy in line with cheap oil prices.

Source:  TheNewArab, 2016/12/01

By |December 8th, 2016|Categories: News|Tags: , , , |

The oil market: why you should stop, think and only maybe act

It probably occurred to you that the oil price skyrocketed yesterday during trading hours, in the wake of the OPEC reunion held in in Vienna. Following the Algiers summit, last September, the market was hoping for some news regarding a potential output cut and made up a hype mostly from scratch. Consequently, the WTI that [...]

By |December 1st, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

Planned oil supply cuts by producer

Based on available information, the graph below describes the breakdown of planned oil supply cuts plans by country following the 30th November 2016 OPEC agreement, based on a 1.2m b/d cut for OPEC and 600k b/d for non-OPEC producers. Future moves in the implementation of the agreement should now be closely monitored.
Breakdown of planned oil supply [...]

By |December 1st, 2016|Categories: Graph Analysis|Tags: , , , , , , , |

Oil back above $50 as Opec agrees supply cut – FT – 30/11/2016

Compact to axe 1.2m b/d major policy reversal for Saudis. Saudi Arabia will shoulder the bulk of the production cuts, reducing output by almost 500,000 b/d to 10m b/d, while Kuwait, Qatar and the United Arab Emirates agreed to curbs of 300,000 b/d of production.

Source:  FT, 2016/11/30

World crude oil production overview for selected producers

In its U.S. EIA Monthly Energy Review of November 2016, the U.S. EIA updated its overview of global crude oil production for selected producers. Production continues to grow in Iran or Saudi Arabia but it has been declining in the U.S. since early 2015.

World crude oil production overview for selected producers (million barrels per day)

Source: [...]

By |November 24th, 2016|Categories: Graph Analysis|Tags: , , , , , , |