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 for the month of September 2023 will b...
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 ...
Saudi Arabia's crude oil output hit an all-time high of 10.673 million barrels per day in July, according to the Opec kingpin's latest submission to the group, which has nudged up its 2016 global oil demand growth forecast by 30,000 b/d. The Saudis appear intent on continuing efforts ...
While the Saudi description of the conversation between Trump and King Salman makes no mention of a specific increase in oil production, the White House says King Salman referred to the kingdom maintaining a spare capacity of 2 million barrels per day. The White House says it's been advi...
Energy ministers from some of the world's largest oil producers have agreed to deepen recurring production cuts by an additional 500,000 barrels per day (b/d) through to March 2020. OPEC and non-OPEC allies, often referred to as OPEC+, decided to implement tighter oil production policy...
The Abqaiq oil processing facility is the world's largest crude oil processing and stabilization plant, with a capacity of 7 million barrels per day, or about 7 percent of global crude oil production capacity. On Monday, Sept. 16, the first full day of trading after the attack, Brent and...
Oil prices that go too high can fuel inflation, sapping consumer purchasing power and pushing central banks like the U.S. Federal Reserve toward further interest rate hikes that can slow economic growth. The Saudi production cut and any increase to oil prices could add to the profits that are...
It's reported that, by 2010, Saudi desalination plants were using 1.5 million barrels of oil per day. That is more than 15 percent of today's production.Drinking water has been a problem for Saudi Arabi a since its founding in 1932. This led to geological(地质的) studies that also ...
8958.008947.0012007.002340.001973 - 2025BBL/D/1KMonthly NSA CompareCrude Oil Production by Country Related Saudi Non-Oil Private Sector Growth at 8-Month Low Saudi Arabia GDP Grows 2.7% in Q1 Saudi Arabia Trade Surplus Largest in 10 Months ...
Saudi Arabia extended a production cut of 1 million barrels per day until December. Crude oil prices are trading at the highest level in almost 10 months, and are up 30% from recent lows hit in June. Higher crude prices could translate to more expensive gas at the pump for U....