Tag: Saudi Arabia oil production

Shell CEO Warns of ‘Very Low’ Spare Capacity, Highlights ‘Problematic’ Gas Situation in Europe

June 29, 2022
Asia & PacificBusiness & MarketscommoditieseconomyEuropeeuropean sanctions on russiaInternationalMarketsRussian Oil TradeSaudi Arabia oil productionSaudi AramcoShell OilWorld
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Ben van Beurden, the CEO of Shell, recently warned about the low spare capacity in the oil markets and raised doubts about replacing Russian gas with LNG in Europe. “I do believe that we’re going to be facing quite a bit of uncertainty in markets for some time to come,” van Beurden told reporters, according…

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Houthi Attacks Endanger Global Energy Security: Saudi Oil Chief

March 29, 2022
Business & EconomyHouthi rebelsMarketsMiddle EastSaudi Arabia oil productionsaudi oil attackWorld
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Attacks on Saudi Arabia’s oil and gas sector are threatening the kingdom’s ability to ensure energy security, the country’s energy minister Prince Abdulaziz bin Salman said at the World Government Summit in Dubai while adding that the markets are going through a “jittery period.” His comments came after Saudi Arabia faced another attack from Iran-backed…

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China the Main Beneficiary of Sanctions Against Russia

March 17, 2022
AustraliaBusiness & EconomyChinaChina Business & EconomyCrown Prince Mohammed bin SalmaneconomyEuropeglobal oil pricesInternationalIranJoe BidenOpinionRussia-Ukraine WarRussian oilRussian sanctionsSaudi ArabiaSaudi Arabia oil productionViewpointsWorldXi Jinping
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Commentary With the United States and many European Union countries imposing trade sanctions on Russia and banning the import of Russian oil, it is timely to see who the losers and winners are of this ban. As I have previously written, trade sanctions rarely hurt the country that they are imposed on as they are…

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