Saudi oil price to increase for Asia
Saudi Arabia raised the price of its crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global …
Saudi oil
Saudi Arabia to extend oil output cut through September
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 second by average daily oil production in June 2022
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, Iraq increase oil supplies to Europe by almost 90%
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 ready to increase oil production to 13 million barrels
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 ready to replace Russian oil for the West
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 …
Saudi Aramco net profit soars 82% in Q1
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 …
OPEC at 60: An oil cartel on life support
Waning influence and a global shift to cleaner energy sources mean that OPEC's glory days are over
Saudi Arabia’s Oil Price War Cost The Kingdom $12 Billion In One Month
According to the IMF, the Saudi economy will crash by 6.8 percent this year
Saudi Arabia begins curtailing daily output
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 …
Saudi Arabia’s oil stock gambit
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 …
Saudi Arabia to diversify sources of income
Custodian of the Two Holy Mosques says determined to continue economic reform
OPEC+ meets to review the pact on Dec. 5
The same day Aramco is due to announce the final offer price
Oil falls on Trump’s bearish comments
U.S. President doused recent optimism over China-U.S. trade talks
US military increase exacerbates tensions in the Middle East
But Iran will be unlikely to show its weakness in front of the US troops increase in the Gulf region
Oil gains more than 1%
on Saudi supply doubts Mideast tensions
Oil prices soar
after attacks halve Saudi output
Royal IPO
What Saudi Arabia's energy shake-up says about its oil plans
Oil futures raise as tensions in the Middle East grow
Oil prices rise more than 1% as Middle East conflict persists
Middle East Oil Giants Are About To Upend Oil Trading
The summer of 2019 could be a watershed moment in global commodity markets
