The kingdom plans to borrow about $31bn this year to bridge an expected budget deficit of $52bn
Largest oil producer
Global oil demand
Saudis see oil output cuts easing in 2019 without hurting market
Nations taking part in the supply curbs are currently studying what a crude re-balancing will entail
Aramco IPO
For timing of Aramco IPO, watch forward oil price curve
Kingdom wants long-dated oil price ideally at $70 per barrel
Crude exporter
Oil rises towards $65 on Saudi commitment to curb output, weak dollar
Saudi Arabia would rather see tight market than end cuts early
Crude exporter
Saudi Arabia seeks to further reduce oil stockpiles
Saudi Aramco’s crude output in March will below its February level
Amin Nasser
Russia says may invest in Saudi Aramco IPO via fund with China
Aramco is set to make ‘a big announcement’ of a partnership in LNG with a Russian company
Aramco IPO
Norway asks wealth fund to clarify risk from Saudi Aramco IPO
Norges Bank proposes to drop the oil and gas sector from the fund’s investments in order to reduce the risk of oil-price fluctuations
Crude exporter
US oil heads to Middle East in latest sign of shale’s spread
US production is expected to grow by 2 million barrels a day between February 2017 and November this year
crude oil
Aramco starts swapping Saudi oil for fuel to tap new markets
State oil companies like Saudi Aramco are expanding their crude sales and refining capacity to better compete in a market flush with supply
Global oil demand
Saudi oil minister says exit from oil cuts to be gradual and smooth
Khalid al-Falih said it was very unlikely cuts could be exited in June
Aramco IPO
Russia may back Aramco IPO, enhance OPEC ties
Chinese state oil companies are also willing to become cornerstone investors in the Aramco IPO
Global oil demand
Oil rises as Saudi Arabia says producers will cooperate beyond 2018
Strong global economic growth and a drop in US drilling activity also supported crude
Khalid Al Falih
Saudi may extend oil suppliers’ cooperation beyond 2018, says energy minister
Khalid al-Falih said oil producers ‘need to be talking about a longer framework of cooperation’
Aramco IPO
Video: Saudi Arabia and the story behind the world’s biggest IPO
As Saudi Aramco closes in on the prize of a massive $100bn float, here are some of the key factors driving the move, and the key players involved in the potential deal.
Aramco IPO
Saudi Arabia closing in on the $100bn prize
The start of 2018 means Saudi Aramco’s record-breaking IPO is drawing closer. It should come as no surprise that January began with the major players jostling for position
crude oil
Saudi crude sales to China may have just taken a big hit
Just under 3.5 million tons of crude left the Middle East country for the Asian nation’s ports in December
crude oil
Revealed: Five people who could define the oil market in 2018
After ending 2017 at a two-year high, oil prices could go either way this year