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Saudi Arabia, the world's leading oil exporter and second largest producer, has raised its official selling price (OSP) for July-shipping Arab Light crude to its largest market in Asia by $2.10 a...
The Arab Gas Pipeline is a natural gas pipeline in the Middle East.It originates near Arish in the Sinai Peninsula and was built to export Egyptian natural gas to Jordan, Syria, and Lebanon, with branch underwater and overland pipelines to and from Israel.
As of 2012 petrol in Saudi Arabia was sold at a price cheaper than bottled water—approximately US$0.13 per litre ($0.50 per US gallon). [16] According to Jim Krane, "Saudi Arabia now consumes more oil than Germany, an industrialized country with triple the population and an economy nearly five times as large."
The 48-inch (1,200 mm) pipeline has capacity of 90.6 billion cubic metres (3.20 trillion cubic feet) of natural gas per year. [3] The construction of the pipeline was objected by Saudi Arabia because of the border dispute between Saudi Arabia and the UAE, however the pipeline was built. [6]
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries ...
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]
Petro Rabigh II is an expansion project valued at US$9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.
The King Abdullah Petroleum Studies and Research Center (KAPSARC) is an advisory organization specializing in energy economics, climate, and sustainability that seeks to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. [1] It is located in Riyadh, Saudi Arabia. [2]