!["[T]he cost of generating power from these renewable sources will be the lowest in the world," Khalid al-Falih said.](https://www.sustg.com/wp-content/uploads/2014/11/solar-900x663.png)
From April 22 to 25, 2024, the 26th World Energy Congress convened in the Netherlands, drawing participation from the Kingdom of Saudi Arabia’s energy industry. This pivotal event delved into...... continue reading
A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse the recent downward trend in...... continue reading
Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in China's Hengli Petrochemical ...... continue reading
The head of Saudi Arabia’s state oil company praised China’s exports of green technology, echoing Beijing’s talking points in what appeared to be a deliberate rebuke of Western policymakers. “China ...... continue reading
Saudi Arabia's oil production is expected to reach 11 million barrels per day (bpd) by 2029, according to Amine Mati, the International Monetary Fund’s (IMF) Mission Chief for Saudi Arabia. In an interview with Asharq TV,...... continue reading
Riyadh will require an average oil price of $96.20 a barrel to balance its budget, assuming it holds crude output steady near 9.3 million barrels a day this year, the...... continue reading
Saudi Arabia’s crude oil production reached in February 2024 a seven-month high of 9.01 million barrels per day (bpd), according to data from the Joint Organizations Data Initiative (JODI)....... continue reading
Although Iraq is the second-largest oil producer in OPEC after Saudi Arabia, it is a net natural gas importer because lack of infrastructure investment has meant that until 2023 it...... continue reading
Bloomberg reports that outgoing Russian oil shipments hit nearly 4 million barrels a day this week. That...... continue reading
Oil’s surge over the past month has already built in the geopolitical risk premium from the Middle East. A move higher will most likely depend on whether...... continue reading
