Showing research about Saudi Arabia


USMCA may join COVID-19, OPEC as complications for Pemex

Global oil markets are being roiled by COVID-19 and ongoing OPEC discipline issues. A drop in U.S. demand relating to reduced driving during the COVID-19 lockdown has reduced the attractions of the market to exports, with shipments from Saudi Arabia to the U.S. representing just 0.8% of the to... Read more →


Trump’s oil aims may not mean U.S. imports shoot downward

The most recent collapse in crude oil prices has been driven by an emerging lack of storage for oil in the face of slumping demand. There are several options for limiting U.S. imports and mitigating the impact on U.S. oil drillers. President Donald Trump has called for the Treasury and Energy ... Read more →


Saudi Aramco, Phillips 66 face dual shocks to U.S. oil supplies

The crude oil industry is dealing with the dual shocks of a Saudi Arabia-Russia price war and a coronavirus-linked slump in demand. That’s led Saudi Aramco to “rationalize our planned 2020 capital spending” according to CEO Amin Nasser. A sign of the demand downturn can be seen in a refinery o... Read more →


Saudi Oil Attack’s Direct Impact on U.S. May Be Limited

An attack on Saudi Aramco’s oil facilities at Abqaiq and Khurais could cut 5.7 million barrels of oil per day from the global oil market, leading the Trump administration to allow the release of oil from the Strategic Petroleum Reserve. In the context of the U.S. market Saudi Arabia is relativ... Read more →


Hormuz Hazard Hangs Over Hindustan, Chennai Oil Imports

The risk to oil shipping disruptions through the Straits of Hormuz has risen after the Iranian National Guard seized a British tanker. A full scale conflict isn’t needed to interrupt exports from countries “inside” the Straits – Iraq, Kuwait, Qatar, Saudi Arabia and the UAE – when interdiction... Read more →

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