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 1...
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 production in Saudi Arabia 1998-2023 Natural gas production in Saudi Arabia 1998-2023 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 ...
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 ...
Saudi Arabia’s energy minister has defended the kingdom’s decision to extend oil production cuts, insisting the move was not about “jacking up prices” even as crude futures push towards $100 a barrel. Riyadh and Moscow earlier this month announced they would prolongcuts to productionand exp...
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.
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...
Saudi Arabia on Sunday confirmed it would extend a production cut of 1 million barrels a day, which first took effect in July, through the end of December. In a statement citing an Energy Ministry official, Saudi Arabia said it would extend the cut through ne...
Saudi Arabia - Oil, Trade, Investment: Fueled by enormous revenues from oil exports, the economy boomed during the 1970s and ’80s. Unlike most developing countries, Saudi Arabia had an abundance of capital, and vast development projects sprung up that t
Aramco triggers bid battle for multiple EPCI projects, targeting some of Saudi Arabia’s largest offshore oilfields Published 9 December 2024 0:35 GMT Field Development Saudi Aramco awards three prized offshore deals to international contractors Published 5 December 2024 1:07 GMT Carbon Captu...