Saudi Arabia
Energy Risk Commodity Rankings: Uncertain times
The winners of Energy Risk’s Commodity Rankings overcame some tumultuous times in 2019, learning lessons that are certainly required in today’s volatile environment
Sean Corrigan talks emerging market risks
Diapason Commodities's Sean Corrigan discusses Chinese hard landings, Mena unrest, the role of Opec, quantitative easing and the likely market reactions to a Greek default
Aramco Trading advances towards launch
More demand for trading systems from Middle East expected as Aramco Trading selects ETRM system
Oil options “frenzy” as corporates shift hedges in response to Mideast crisis
The sharp increase in oil price volatility resulting from political upheaval in Libya and the Middle East has pushed the volume of oil options traded to an all-time high. Ned Molloy reports
DME's Q3 results point to struggle for crude futures
The Dubai Mercantile Exchange’s latest trading results reveal low liquidity levels for its key oil futures contract, despite a face-value surge in trading volumes
US puts Canadian pipeline decision on hold
The US Department of State has extended an inquiry into a major crude oil pipeline expansion that could transport 1.1 million barrels per day from Alberta, Canada, to refineries on the US Gulf Coast
Saudi Arabia global oil exports to wane post-2010
Saudi Arabia’s long-standing status as a swing producer of crude oil could be drawing to a close according to the head of national oil company Saudi Aramco.
Global supply squeeze to ease with China/Saudi ties
The global oil supply tightness forecast for the next five years due to increasing Asian demand might be eased by China’s latest move to promote closer ties and secure more imports from Saudi Arabia, say analysts.
Venezuelan sands could dwarf Canadian reserves
Venezuela’s Orinoco Oil Belt could contain 513 billion barrels of technically recoverable heavy oil, double original estimates, according to a report released last week.
Saudi Aramco switches to Argus Sour Crude Index
Saudi Arabia’s national oil company Saudi Aramco is to use the Argus Sour Crude Index (ASCI) published by Argus Media as the benchmark price for all grades of crude oil sold to US customers from January 2010.
Lands of confusion
Oil production uncertainties in Iraq and political doubts in Russia and Venezuelaare keeping crude prices well above historical averages. MariaKielmas reports