RIYADH, March 3 (Xinhua) -- Saudi Arabia announced on Sunday the extension of its voluntary cut of oil production of 1 million barrels per day to support the stability and balance of oil markets, the Saudi Press Agency reported. The reduction was implemented in July 2023 until the end of ...
Annual oil production in Saudi Arabia
HOUSTON, Sept. 23 (Xinhua) -- The U.S. Energy Information Administration (EIA) said Monday that crude oil production outage in Saudi Arabia due to attacks on its key oil facilities has affected the global crude oil and gasoline prices. On Sept. 14, drone attacks damaged the Saudi Aramco ...
CompareCrude Oil Production by Country Related Saudi Arabia Industrial Output Growth Accelerates Saudi Q3 GDP Growth Confirmed at 2.8% Saudi Non-Oil Private Sector Growth Hits 16-Month Peak Saudi Arabia Trade Surplus Narrows Sharply Saudi Arabia Wholesale Inflation Near 1-Year Low ...
Saudi Arabia and other major oil producers say they will cut oil production by 1.15 million barrels per day from May until the end of 2023. The Saudi Energy Ministry said Sunday that its cuts of 500,000 barrels per day were in addition to a reduction ann
Saudi Arabia - Oil, Trade, Investment: Fueled by enormous revenues from oil exports, the economy boomed during the 1970s and ’80s. Unlike most developing countries, Saudi Arabia had an abundance of capital, and vast development projects sprung up that t
Oil plunged Tuesday after Saudi Prince Abdulaziz bin Salman said at a press conference that the country's oil production will be fully back online in the next few weeks. "The damage has been contained," Prince Abdulaziz said, adding that 50 percent of the lost production has been restored....
Oil prices were little changed shortly after the announcement of Saudi Arabia’s voluntary production cut extension. Brent futureswith October expiry were trading at $83.65 per barrel at 2:30 p.m. London time (9:30 a.m. ET), up by 45 cents from the Wednesday settlement. TheWT...
In the final analysis, while the US is becoming top dog in terms of oil production, Saudi Arabia maintains its position as top oil exporter, exporting in excess of seven million barrels per day compared with the US' 1.7 million barrels. ...
Saudi Arabia said Tuesday it will keep oil production cuts in place until December, putting more upward pressure on oil prices which are trading near 10-month highs.