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Search resuls for: "Aziz El Yaakoubi Maha El Dahan"


2 mentions found


☆ Saudi Aramco CEO says Russian crude embargo adds uncertainty to market
  + stars: | 2022-10-26 | by ( Aziz El Yaakoubi Maha El Dahan | Aziz El Yaakoubi | Maha El Dahan | ) www.reuters.com   time to read: +2 min
Companies Saudi Arabian Oil Co FollowRIYADH, Oct 26 (Reuters) - Saudi Aramco CEO Amin Nasser said on Wednesday planned European embargoes on Russian crude and products were adding to uncertainty in the global oil market. Nasser also said that market realignments were taking place with discounts being offered by Russia. The Group of seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but have faced consternation from main players in the global oil industry. Nasser said the market for blue hydrogen was "building up" but that it was so far costly at around $200-$300 per barrel of oil equivalent. Blue hydrogen is obtained through capturing carbon from crude oil, storing it underground and mixing it with ammonia.
☆ Saudi energy minister says countries should not misuse oil stocks
  + stars: | 2022-10-25 | by ( Aziz El Yaakoubi Maha El Dahan | Aziz El Yaakoubi | Maha El Dahan | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Saudi minister says emergency stocks used to manipulate marketsSays kingdom remains most reliable and stable oil supplierSays we are for Saudi Arabia, not with or against anyone elseRIYADH, Oct 25 (Reuters) - Saudi Arabia's energy minister Prince Abdulaziz bin Salman said on Tuesday some countries were using their emergency stocks to manipulate markets when their purpose should be to mitigate any shortages of supply. The comment appeared to be a criticism of U.S. President Joe Biden's decision to sell oil from the nation's emergency oil reserve as he tries to lower gasoline prices ahead of mid-term elections on Nov. 8. "It is my profound duty to make clear to the world that losing (releasing) emergency stocks may be painful in the months to come," the Saudi minister told the Future Initiative Investment (FII) conference in Riyadh. The prince said Saudi Arabia had chosen to be "the maturer" party when asked about how to get the energy relationship with the U.S. back on track. Is there any room for we are for Saudi Arabia and the people of Saudi Arabia," he said.
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