News zum Sektor Energie aus Saudi-Arabien

 

Saudi Arabia kept the price of its main oil grade to Asia unchanged for November, a sign of caution from the world's biggest crude exporter after OPEC+ decided over the weekend to push ahead with supply increases....

Seit Monaten drehen wichtige Ölstaaten den Förderhahn schrittweise auf. Der Ölpreis ist deshalb zuletzt gefallen. Das Ölkartell Opec+ weitet seine Förderung aus. Im November würden täglich 137.000 Barrel (je 159 Liter) zusätzlich im Markt platziert, wie die acht Staaten unter Führung von Saudi-Arabien und Russland bei einer Online-Sitzung beschlossen. Damit behält der Verbund seinen Kurs der vergangenen Monate bei, frühere Kürzungen der Tagesproduktion schrittweise wieder zurückzunehmen..

Saudi Arabia's Spending Spree Meets Oil Price Reality Submitted by Julianne Geiger of OilPrice.com, Saudi Arabia's grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom's plans for fiscal consolidation. The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of GDP in 2025—nearly double its original 2.3% forecast—before narrowing to 3.3% in 2026. The deterioration comes largely from weaker oil income, Fitch said, with non-oil revenues holding up but not enough to offset the gap. The rating agency pointed to revenue shortfalls and overspending as the main culprits, noting the massive capital outlays required by megaprojects like NEOM. This week's pre-budget statement from Riyadh signaled a shift toward tighter fiscal discipline, but Fitch noted the tension between Saudi's promises of restrai...

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OPEC's crude production climbed last month as Saudi Arabia finished the revival of an initial tranche of halted supplies, according to a Bloomberg survey....

Saudi Arabia's crude exports leaped to the highest for 18 months in September, a sign that the kingdom's share of OPEC+ output hikes is starting to hit global markets....

Beijing has been scooping up cheap crude to sock away into strategic reserves....

Saudi Arabia projected it will run a deeper budget deficit this year than previously expected, as the kingdom spends heavily on its economic transformation while grappling with the effects of weak oil prices. Bloomberg's Abeer Abu Omar spoke to Jennifer Zabasajja on Horizons Middle East and Africa on the outlook for the Kingdom's economy. (Source: Bloomberg)...

Saudi Arabia projected it will run a deeper budget deficit this year than previously expected, as the kingdom spends heavily on its economic transformation while grappling with the effects of weak oil prices....

"This year, participants will discuss key issues in the industry's development, new challenges, obstacles, and successes of joint efforts," Russian Deputy Prime Minister Alexander Novak said...

India, which has been in conflict with neighboring Pakistan for decades, is one of the world's largest crude consumers and a key customer for Saudi Arabia....

Saudi Arabia's oil exports are set to jump this month as the twin impact of higher production and easing local demand from peak summer levels frees up supply, adding to concerns the market is headed for a surplus....

Oil steadied as investors weighed the prospect for softening demand after Saudi Arabia cut pricing for most of its grades....

Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month after OPEC+ said it will continue to ramp up output, defying widespread expectations of a looming oversupply....

Saudi Arabia's sovereign wealth fund is set to sell international bonds to help finance its massive investment plans as oil-price shocks complicate the kingdom's drive to diversify the economy....

Crude Prices Tumble To 3-Mo-Lows As Saudis Push To Accelerate OPEC+ Production Boost Oil pries are tumbling further this morning following reports that OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year to reclaim market share. Bloomberg reports that, according to people familiar with the matter, key alliance members will hold a video conference on Sunday that will consider what to do with a 1.66 million barrels a day tranche of halted supplies, having just fast-tracked the return of a previous layer over the past five months. “Our latest soundings from the group suggest they are very much considering unwinding that final tranche” of halted supply “sooner rather than later,” Livia Gallarati, global crude lead at Energy Aspects Ltd., said in a Bloomberg television interview. WTI tumbled back to a $61 handle - at three month lows - after the headlines... While extra supply would be a boon for consume...

OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said....

Saudi Arabia Leads OPEC Output Increase By Charles Kennedy of OilPrice.com OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according to a Bloomberg survey published on Wednesday. Saudi Arabia accounted for just over half of the increase, restoring barrels previously curbed under voluntary cuts. The United Arab Emirates and Nigeria also contributed, while Libya managed modest gains as security conditions improved around key terminals. The production rise comes as OPEC+ ministers are preparing to meet this Sunday, with speculation building that the alliance could authorize an additional increase beyond the already-scheduled unwinding of voluntary reductions. Those rumors pressured prices earlier this week, with Brent slipping as traders digested reports of a potential supply ramp-up. The U.S. benchmark, West Texas Intermediate (WTI) was trading down at $63.00 per barrel following the release of the Bloomberg survey... The moves highlight m...

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Saudi Arabia is set to sell more international bonds, as it looks to cover a budget deficit caused by lower oil prices and high spending on the government's economic-diversification drive....