Middle East

Saudi Arabia

Saudi Arabia’s Crown Prince Muhammad bin Salman plans to transform the country and end its “addiction to oil.” But crude oil is set to remain its dominant revenue source and foreign policy tool for the foreseeable future. The kingdom is also eying unconventional gas to ease its gas shortages.

OPEC & Global Markets

Saudi Arabia & Russia In Battle For Supremacy In China

Saudi Arabia and Russia are increasingly cooperating in the energy sphere, having come together through the onset of Opec/Non-Opec production cuts since January 2017. But when it comes to the lucrative Chinese oil market, the two are engaged in a fierce battle for market share. China looks set to be the largest market for each in 2019 and Saudi Arabia is keen to wrestle back its crown as the dominant supplier.

Saudi Arabia Cut Crude Output From Jan17 In Line With The 'Opec+' Deal. Crude Exports Fell By Even More…
...As The Country Ramped Up Refinery Runs To Record Levels On The Back Of The 2013-14 Start-Up Of Sophisticated New Capacity
Products Exports Which Have Soared To Successive Records In Each Of The Past Three Quarters.