The data also revealed that crude oil production decreased by 6.6 percent, totaling 232.1 million barrels by the end of October. However, condensate production increased by 0.2 percent, reaching 71.1 million barrels. The average daily oil production was 993,900 barrels. It marks the beginning of ...
Saudi Arabia’sMinistry of Energysaid that the Kingdom will implement a voluntary cut of 500,000 bpd from May until the end of 2023 in coordination with some other OPEC and non-OPEC Participating Countries in the Declaration of Cooperation. UAE and Saudi oil production This voluntary cut is i...
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.
The kingdom was producing 9.6 million barrels of oil per day, or about 10 percent of the world's daily production, before drone attacks cut production in half. It expects to ramp production up to 11 million bpd by the end of the month. Brent crude oil, the international benchmark was ...
Speaking to the media in Jeddah during a news conference, Abdulaziz said that Saudi Arabia will maintain full oil supply to its customers this month, adding that the Kingdom had dipped into its stored reserves to ensure supply continues as normal, while oil production capacity will rebound to ...
U.S. President Donald Trump said on Sunday that he had authorized the release of oil from the Strategic Petroleum Reserve after attacks on Saudi Arabian oil production facilities. The International Energy Agency said in a statement that it was monitoring the situation in Saudi Arabia closely. ...
On the northwestern shores of Saudi Arabia, plans are under way for a multibillion-dollar hydrogen plant as the world’s biggest oil exporter bets on becoming the biggest producer of the clean energy source. If the new plant meets its daily production target of 650 tonnes of environmentally fr...
Breakeven oil price Saudi Arabia 2000-2024, by account Further Content:You might find this interesting as well Statistics Worldwide breakeven oil price by country 2015 Worldwide volume of emission from oil production by country 2015 Worldwide daily oil and gas production by company 2018 ...
On the northwestern shores of Saudi Arabia, plans are under way for a multibillion-dollar hydrogen plant as the world’s biggest oil exporter bets on becoming the biggest producer of the clean energy source. If the new plant meets its daily production target of 650 tonnes of environmentally fr...
Saudi Arabia said Tuesday it will keep its latest round of oil production cuts in place until December, putting more upward pressure on oil prices which are trading near 10-month highs. Key Takeaways Saudi Arabia extended a production cut of 1 million barrels per day until December....