Saudi Arabia consolidates hold on American oil
The joint venture was known as Motiva Enterprises and the division of ownership and therefore control seemed to breed conflict between the oil titans from the start.
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Saudi Arabia, Russia push to extend oil output cut until March 2018
Saudi Arabia and Russia, the world’s top two oil producers, agreed on Monday on the need to extend output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.
Saudis boost U.S. ties with $40 billion investment
Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the U.S.
OPEC’s not-so-great beyond
“Beyond” is a powerful word; the unsurpassed prefix to “compare” and the stirring suffix to “great.” Buzz Lightyear even managed to somehow enhance the notion of infinity with it.
OPEC said to have discussed deeper cuts; no consensus reached
Ministers from some OPEC countries have discussed the possibility of deepening their output cuts, in addition to the potential extension of the agreement into 2018, said four delegates.
Bipartisan Senate bill on Venezuela calls for Trump to block Russian oil deal
A bipartisan group of U.S. Senators introduced a wide-ranging bill Wednesday aimed at the crisis in Venezuela, calling for sanctions and demanding President Donald Trump step in to prevent a deal struck by Venezuela’s state oil company that might lead to Russian ownership of U.S. oil.
How much does America’s foreign oil habit cost you?
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Saudis take 100 percent control of America’s largest oil refinery
Saudi Aramco, the kingdom’s state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year.
Will oil prices rise or fall? Look toward Russia for the answer
There is only one thing standing in the way of higher oil prices, and it is not U.S. shale companies.
Treasury won’t grant Exxon drilling waiver for Russia
The Treasury Department will not grant Exxon Mobil Corp.’s request for a waiver allowing it to work with Russia’s state oil company on a joint drilling venture, the agency said Friday.
