India has been exploring linking its power grid with those of Saudi Arabia and the UAE through subsea cables from its west coast and with the power grid of Singapore from the east coast
Prince Abdulaziz bin Salman
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Crown Prince Mohammed bin Salman
Saudi Arabia mulls deep sea cable project to connect Middle East with India
If India agrees, the Abu Dhabi government could also join the ambitious deep sea energy project, a report in Economic Times said
ACWA Power
Saudi’s SPPC, ACWA Power ink power purchase agreement for $450mn Ar Rass solar PV project in Saudi Arabia
The 700MW Ar Rass project is the largest PV project that has been tendered as part of Saudi Arabia’s National Renewable Energy Programme (NREP) to date. When fully functional, the project will produce energy to power around 132,000 homes in central Saudi Arabia
crude production
Saudi Energy Minister Prince Abdulaziz calls for unity in OPEC+ to support oil market stability
OPEC and its allies have so far been sticking to their plan to gradually roll back output cuts, adding 400,000 barrels a day each month until September 2022
crude oil output
Biden team spoke to Saudis, UAE about OPEC talks, oil prices
Crude prices have soared and fluctuated as Saudi Arabia and the UAE spar over a production increase
ADNOC
Oil and dollars: Why the UAE is risking a falling-out with OPEC+
The group’s fourth-biggest producer, argued against a deal proposed by Saudi Arabia and Russia to extend quota limits until the end of next year, rather than ending them in April as originally planned
Energy
‘Don’t try to predict the unpredictable’, says Saudi energy minister
Prince Abdulaziz bin Salman Al Saud warns those trying to second guess the next move of OPEC+
crude oil output
Saudi Arabia’s extra oil cut to last two months, minister says
Kingdom to slash production by one million-barrels-a-day in February and March
crude oil price
Saudis take charge of oil market with surprise production cut
Kingdom has pledged an additional unilateral cut of one million barrels-a-day in February and March
crude oil output
Saudi Arabia and Russia express unity ahead of OPEC+ summit
OPEC+ will hold an online summit on January 4, while Riyadh and Moscow are due to hold talks in March
geopolitics
Video: Those who aren’t team players need to accept the rules of the game, Saudi energy minister says
Saudi Energy Minister Abdulaziz bin Salman discusses volatility in the oil market and the geopolitical risk impacting the Middle East.
Amin Nasser
Video: Saudi Aramco’s IPO challenges explained
The FT examines the state-owned oil and gas company’s flotation plans – its target valuation is $2tn – at a time when it is facing creeping influence from the kingdom’s rulers.
commodity trader
Opinion: Oil investors must remain diligent as Pompeo visits Abu Dhabi, Jeddah
If evidence of Iran’s suspected involvement in the attacks on Saudi Arabia is provided and the US Secretary of State warns of repercussions
Amin Nasser
Saudi oil production cut in half following drone attacks
About 5.7 million barrels per day of output suspended, says Saudi Aramco statement
Abu Dhabi
Saudi raps oil producers over flouting of output cuts
Prince Abdulaziz said it was imperative to restore stability in the oil market where prices have slumped to below $60 a barrel
Abu Dhabi
OPEC+ meets in Abu Dhabi with deeper cuts off the agenda for now
Crude has lurked in the low $60s for most of the summer amid escalating tensions between the US and China
Abu Dhabi
Video: No radical changes to oil policy in Saudi Arabia, says Prince Abdulaziz
Saudi Arabia’s King Salman named his son Prince Abdulaziz bin Salman as the country’s energy minister, replaces veteran official Khalid Al-Falih.