Saudi Arabia Oil Cuts
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Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk
Missile and drone barrages have damaged swaths of Saudi Arabia's vast energy infrastructure, including refineries, oil fields deep in the desert and petrochemical plants.
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OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
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Pakistan Says It Will Repay $3.5 Billion In Matured Loan Deposits To UAE
Last week, authorities scrapped a blanket fuel subsidy and raised diesel and petrol prices for the first time in nearly a month to help government coffers weather a spike in oil costs arising from the war in the Middle East.
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Saudi Arabia Starts Reducing Oil Production As Hormuz Closure Fills Storage
Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling storage tanks, according to a person familiar with the matter, even as it rushes to reroute some supplies through the Red Sea.
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Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
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Saudi And Russia Extend Oil Cuts Through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
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Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
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Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk
Missile and drone barrages have damaged swaths of Saudi Arabia's vast energy infrastructure, including refineries, oil fields deep in the desert and petrochemical plants.
-
OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
-
Pakistan Says It Will Repay $3.5 Billion In Matured Loan Deposits To UAE
Last week, authorities scrapped a blanket fuel subsidy and raised diesel and petrol prices for the first time in nearly a month to help government coffers weather a spike in oil costs arising from the war in the Middle East.
-
Saudi Arabia Starts Reducing Oil Production As Hormuz Closure Fills Storage
Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling storage tanks, according to a person familiar with the matter, even as it rushes to reroute some supplies through the Red Sea.
-
Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
-
Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
-
Saudi And Russia Extend Oil Cuts Through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.
-
Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
-
Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
-
Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
