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 ...
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 ...
Saudi Arabia, is the world’s largest oil exporter, accounting for 10 percent of global oil supply. ActualPreviousHighestLowestDatesUnitFrequency 8926.008972.0012007.002340.001973 - 2024BBL/D/1KMonthly NSA CompareCrude Oil Production by Country ...
RIYADH, Sept. 18 (Xinhua) -- Saudi Arabia's Energy Minister Abdulaziz bin Salman Al Saud said Tuesday that Saudi oil production, suspended earlier due to attacks on two major Aramco facilities, would be fully restored by the end of September. Speaking to the media in Jeddah during a news ...
Heavyweight oil producer Saudi Arabia will extend a 1 million barrel per day voluntary crude 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 for the month of September 2023 will...
MOSCOW/RYADH (Worthy News) – The world’s biggest oil exporters, Russia and Saudi Arabia, have urged all members of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to cut production. Faced by lower oil prices linked in part to oversupply, Moscow seems determined...
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
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....
SAUDI ARABIA: OIL PRODUCERS SIZE UP NEW GLOBAL ENERGY ORDERHumberto Marquez
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.