Anton Petrus | Moment | Getty Images Heavyweight producer Saudi Arabia will extend a 1 million barrel per day voluntary crude oil output cut into September, in the third month of such declines, the state-owned Saudi Press Agency said Thursday. "In effect, the Kingdom's production...
RIYADH, March 30 (Xinhua) -- Saudi Arabia announced on Monday a plan to raise crude oil exports to 10.6 million barrels per day, starting in May. An official from the Energy Ministry said in a statement on the Saudi Press Agency that the increase would be about 600 thousand barrels per ...
Saudi Arabia and the UAE have agreed to cut oil production until end of the year Saudi Arabia and UAE energy ministries have both agreed voluntary cuts to oil production until the end of the year. From May until the start of 2024 they will reduce output by 500,000 barrels per day and 1...
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...
Top oil exporter Saudi Arabia lowered its oil production to 9.65 million barrels per day in May from 9.8 million b/d in April, industry sources familiar with the matter told Energy Intelligence on Monday. The move comes as the kingdom keeps its output below its Opec quota of 10.3 million ...
Saudi Arabia will restore its lost oil output of 5.7 million barrels per day (MMbbl/d) by the end of September and has managed to recover oil supplies to the levels they were at prior to weekend attacks on its facilities by drawing from oil inventories. ...
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....
Used oil barrels are stacked at a storage facility in Seattle, Washington February 12, 2015. REUTERS/Jason Redmond ABU DHABI - 11 November 2018: Saudi Arabia is discussing a proposal to cut oil output by up to 1 million barrels per day by OPEC and its allies, two sources close to the ...
Prolonged Gaza ceasefire could be a 'door opener' into Israel for Saudi Arabia and other Arab nations: analysts Published17 January 2025 2:49 GMT Field Development Aramco nears finish line for four multibillion-dollar offshore oilfield expansion deals ...
Non-oil exports, including re-exports, increased by 0.8 percent compared to January 2023. However, non-oil exports, excluding re-exports, decreased by 11.5 percent as re-exports rose by 42.6 percent in the same period. China was the main destination for Saudi Arabia's exports, accounting for...