Panmure Gordon: There's robust demand growth for oil Saudi Arabia and Russia are ironing out the details on an unprecedented pact to extend controls over major exporters for decades to come. Riyadh and Moscow have been engaged in supply cuts over the past year in order to try to clear ...
The countries' moves likely will increase the cost for motorists filling up at the pump and put new pressure on Saudi Arabia's relationship with the United States. President Joe Biden last year warned the kingdom there would be unspecified "consequences" for partnering with Russia on cuts as M...
MOSCOW, June 10 (Xinhua) -- Saudi Arabia and Russia work on a bilateral basis as well as with other producing countries to prevent oil prices from plunging, visiting Saudi Arabian Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said here Monday. "We work to prevent such a...
According to the data from China’s General Administration of Customs, Russia overtook Saudi Arabia as China’s largest crude oil supplier in the first two months of 2023. Saudi Arabia had been China’s top crude oil supplier since 2019, exporting 87.49 million tons of crude oil to China in...
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...
The energy alliance between Saudi Arabia and Russia will likely come under intense scrutiny this week, as delegates from some of the world's most powerful oil-producing nations discuss how best to cushion the impact of the coronavirus outbreak. OPEC and non-OPEC producers, such a Russia, some...
“It’s really killing an industry, hurting Russia badly, hurting Saudi Arabia badly,” Trump said Thursday. Trump’s comments came the day before he’s scheduled to meet with U.S. oil industry leaders to discuss the price crash and what can be done to help the industry. CLICK HERE TO...
Saudi Arabia Announced An Additional 1 Million B/d Of Oil Cuts in July, Extending Existing OPEC+ Cuts Until The End Of 2024
Saudi Arabia and Russia, leaders of the OPEC+ alliance, called on crude producers to adhere to recently agreed output cuts to enhance oil market stability, following President Vladimir Putin's visit to Riyadh amid flagging oil prices.Platt's Oilgram News group...
Russia sold 86.25 million tons of crude oil to China, equivalent to 1.73 million barrels per day. However, China’s crude oil imports from Saudi Arabia in the first two months of 2023 totaled 13.92 million tons, or about 1.73 million barrels per day, down 4.7% year-on-year, while the ...