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 ...
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 ...
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 ...
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
RIYADH, Aug. 17 (Xinhua) -- Saudi Arabian oil company Aramco announced on Friday an average production of 10.2 million barrels per day (bpd) of crude oil including condensate in 2017. The announcement was made in the company's annual report that posted on Friday on its website that mention...
Saudi Arabia and Russia on Tuesday deepened theiroil supply cuts, announcing an agreement to continue scaling back production by 1 million barrels per day through the end of 2023. The voluntary move will put crude output at about 9 million barrels a day and will be reviewed on a monthly basi...
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....
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 144,000 respectively. Saudi Arabia’sMinistry of Energysaid that the Kingdom will impl...
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 ad...
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 11 million barrels per day (bpd) by the end of September...