oil

energySaudi Aramco Passed $2 Trillion Valuation in Intraday Trading

Saudi Aramco’s shares closed at 36.8 Saudi riyals on Thursday, putting the company’s market value slightly below $2 trillion. The shares opened Thursday and reached 38.7 riyals where it briefly traded above a market value of $2 trillion. Apple closed …

appleSaudi Aramco Will IPO 1.5% of the Most Valuable Company in the World

Saudi Aramco will raise $25.6 billion in world’s biggest I.P.O. This will be a bit bigger than the 2014 IPO of Alibaba. Aramco made a net profit of $68 billion for the first nine months of the year. This is …

energyUS Crude Oil Production at Record 12.9 Million Barrels Per Day

US crude oil production hit an all-time record of 12.9 million barrels per day. This is about triple the lowest levels in 2005-2010. Brian Wang Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for …

coalUS Exported More Oil Than it Imported For the First Time in Over 70 Years

Based on preliminary data and model estimates, EIA (US Energy Information Agency) estimates that the United States exported 140,000 b/d more total crude oil and petroleum products in September than it imported; total exports exceeded imports by 550,000 b/d in …

dronesSaudi Arabia Refinery Repairs Could Take Months

The Wall Street Journal reports that Saudi Oil Refineries could take months to repair according to foreign contractors working with the Saudi state giant. Saudi Arabia state oil company Aramco had initially said repairs would take a few days. This …

dronesOil Prices Up 19% At the Open and USA is Ready to Hit Saudi Attackers

Oil prices hit their highest in four months after Houthi drone attacks damaged Saudia Arabia oil refineries. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchmark, West Texas Intermediate, rose 15% …

energyUS Crude Oil and Oil Product Exports Exceeded Saudi Arabia’s Oil Exports

Saudi Arabia oil exports will dip for a few days because of the damage to oil handling infrastructure. Saudi Arabia oil exports were 7,371.537 Barrel/Day in Dec 2018 and 6,968.319 Barrel/Day in Dec 2017. US oil exports including non-crude oil …

dronesHouthi Drone Strike Has Damaged Half of Saudi Oil Facilities

A Houthi Drone Strike has damaged half of Saudi Arabia’s oil capacity. Saudi Arabia says the fire a will be put out and repairs made within days. Yemen’s Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones …

canadaUS All Liquid Oil Production is at 73% of OPEC Oil Production

US All Liquids oil production is at 19.6 million barrels per day. US oil production is forecasted to increase by 1-2 million barrels per day by the end of 2020. US crude oil production is at 12.5 million barrels per …

energyUS All Liquid Oil Domination Nears 20 Million Barrels per Day

Last week, US crude oil production reached a record 12.5 million barrels per day. Other liquids like natural gas liquids, ethanol and condensate reached 7.1 million barrels per day. The combined numbers are the all liquids production which is now …