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Mar 12, 2015· Saudi Arabia is a kingdom, and their national oil company, Saudi Aramco, has no royalties to pay out, low exploration costs, and access to a wide variety of crudes, from light sweet to heavy sour. They handle their own transportation, processing and refining which means profits are assessed over the whole enterprise, not each point in the chain.

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Sep 05, 2018· Saudi Arabia is looking to manage the oil market in a way that would keep oil prices in the $70 to $80 band for the time being, as the Kingdom wants a floor under prices to monetize oil

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