RIYADH, March 26 (Xinhua) -- Saudi Arabia announced Tuesday a decline in the share of oil exports in total exports from 77.6 percent in January 2023 to 74.8 percent in January 2024. According to a report released by the Saudi General Authority for Statistics on Tuesday, overall merchandise ex...
Brent crude oil prices rose on Monday after Saudi Arabia on Sunday announced a surprise 1 million barrels per day (mbpd) production cut from July, its biggest one-off reduction in years. di UBS Editorial Team 05 Jun 2023Saudi stands out among its peers for its track record of delivering ...
Saudi Arabia, the dominant producer in the OPEC oil cartel, was one of several members that agreed on a surprise cut of 1.6 million barrels per day in April. The kingdom's share was 500,000. That followed OPEC+ announcing in October that it would slash 2 million barrels per day, angeri...
Saudi Arabia is ready to abandon its unofficial oil price target of $100/bbl and is committed to returning production as planned in December to regain market share, according to the Financial Times.Saudi Arabia is unwilling to continue to cede market sha
Saudi Arabia has told the White House it would be willing to boost oil production early next year if crude prices are high, a move aimed at winning goodwill in Congress for a deal in which the kingdom would recognize Israel and in return get a defense pact with Washington, Saudi ...
He said the company was in the process of bringing back oil refining to full capacity and that there were enough crude products to supply the local markets. Prince Abdulaziz said Riyadh did not yet know who carried out the strikes or why, adding Saudi Arabia would keep its role as a secur...
Saudi Arabia Lifts Oil Output 2.7%, Plans April Boost.Reports on the increase in oil output of Saudi Arabia as of March 2005.EBSCO_bspWall Street Journal Eastern Edition
Heavyweight oil producer Saudi Arabia will extend a 1 million barrel per day crude output cut into September, the state-owned Saudi Press Agency said.
The group already had in placeoil output cutsof about 3.66 million barrels per day when Saudi Arabia introduced the additional supply cut. The White House has previously criticized the action, with President Biden vowing there"will be consequences"for Saudi Arabia....
Saudi Arabia will produce more oil - if customers need it - the kingdom's oil minister promised Sunday. For the remainder of the year "Saudi Arabia is willing to produce additional barrels of crude oil above and beyond the 9.7 million barrels per day which we plan to produce during the ...