Saudi Arabia set itself a goal in late 2014 of maintaining its crude market share amid a glut that prompted acollapse in oil prices, but the imports data compiled by FGE, an energy consultancy, suggest the country’s strategy suffered setbacks in some of its key customer countries last year....
Russian Deputy Prime Minister Alexander Novak was quoted as saying on Monday that he sees no need for urgent action on the oil market over omicron, downplaying the possibility of changes to an OPEC+ oil supply deal this week. “There is no need for hasty decisions,” Novak was quoted as ...
Meanwhile in Saudi Arabia's other main market, the US, the demand for imports of crude oil is falling as production there goes on rising. Nor is there much hope of any new demand in Europe, where oil consumption continues to fall in most countries....
Russia sold 86.25 million tons of crude oil to China, equivalent to 1.73 million barrels per day. However, China’s crude oil imports from Saudi Arabia in the first two months of 2023 totaled 13.92 million tons, or about 1.73 million barrels per day, down 4.7% year-on-year, while the ...
BEIJING, March 20 (TMTPOST) – China’s crude oil imports from Russia in January and February 2023 jumped by nearly 24% year-on-year to 15.68 million tons at an average price of approximately $539.64 per ton, down 11.71% from that of the previous year.Ac
Saudi Arabia will extend a cut in the amount of oil it sends to the world after a series of reductions by members of the OPEC+ alliance.
Breaking news and top stories from Saudi Arabia. The latest on the economy, politics, government, and business
RIYADH, April 20 (Xinhua) -- Saudi Arabia highlighted on Friday the global market capacity for higher oil price after the crude price hit its highest level in over three years, Al Arabiya reported. "Energy intensity, as you know has declined significantly ... this and higher productivity of...
RIYADH, April 20 (Xinhua) -- Saudi Arabia highlighted on Friday the global market capacity for higher oil price after the crude price hit its highest level in over three years, Al Arabiya reported. "Energy intensity, as you know has declined significantly ... this and higher productivity of...