Saudi Arabia has decided to extend the voluntary oil output cut of 1 million barrels per day through September, reported the state-run news agency citing an official from the Kingdom’s Ministry of Energy. According to the …
Russia was second in crude oil production after the United States in June 2022, the state statistics service Rosstat reported on Wednesday. Saudi Arabia was third. Russia’s crude oil production was 10.667 barrels daily in June …
Saudi Arabia and Iraq increased oil exports to Europe, Bloomberg reports with a reference to the tracking data of sea vessels. According to the agency, the total flow from the Middle East in July reached 2.2 mln barrels per day, which …
Saudi Arabia is ready to increase oil production by up to 3 million barrels per day. This was announced by the Crown Prince of the Kingdom Mohammed bin Salman after yesterday's meeting with US President Joe Biden. "Riyadh has …
Saudi Arabia is prepared to raise its oil production if Russia's output falls substantially because of the western sanctions imposed on it, the Financial Times reported, citing sources. Discussions had been held about an immediate …
State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is at par with Apple Inc as the world's most …
Waning influence and a global shift to cleaner energy sources mean that OPEC's glory days are over
According to the IMF, the Saudi economy will crash by 6.8 percent this year
Saudi Aramco has started reducing production earlier this week ahead of the May 1 deadline when new OPEC+ output targets kick in, according to a Saudi industry official familiar with the matter. Aramco started to reduce production …
It's the basic successful investment rule: buy when everyone is selling and sell when everyone is buying. The rule has been proved right by many a legendary figure in the investment world. Now that they've crashed energy markets the …
Custodian of the Two Holy Mosques says determined to continue economic reform
The same day Aramco is due to announce the final offer price
U.S. President doused recent optimism over China-U.S. trade talks
But Iran will be unlikely to show its weakness in front of the US troops increase in the Gulf region
on Saudi supply doubts Mideast tensions
after attacks halve Saudi output
What Saudi Arabia's energy shake-up says about its oil plans
Oil prices rise more than 1% as Middle East conflict persists
The summer of 2019 could be a watershed moment in global commodity markets
OPEC oil output hits four-year low in April on Iran, Venezuela
