Saudi Arabia

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OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4078    Publish Date : 2019/03/19

Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors.
News ID: 3638    Publish Date : 2019/02/16

OPEC’s biggest producer Saudi Arabia would need oil prices at $80-85 per barrel in order to balance its 2019 budget, Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund has told Reuters.
News ID: 3617    Publish Date : 2019/02/14

Acommittee from the US House of Representatives has approved a bill aimed at making OPEC members liable to US antitrust legislation, Reuters reported, adding the prospects of the bill ending up as law were not certain yet.
News ID: 3602    Publish Date : 2019/02/12

Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
News ID: 3570    Publish Date : 2019/02/06

OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
News ID: 3532    Publish Date : 2019/02/03

Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the kingdom’s gas to the United Arab Emirates, Kuwait, and Oman, Saudi Arabia ’s Energy Minister Khalid al-Falih said on Tuesday.
News ID: 3339    Publish Date : 2019/01/21

Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.
News ID: 3333    Publish Date : 2019/01/20

OPEC and its allies have formalized their production quotas under their new supply deal, with Saudi Arabia , the world's largest crude exporter, committing to a 322,000 bpd cut from its October level.
News ID: 3058    Publish Date : 2018/12/24

After flooding the US market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories.
News ID: 2948    Publish Date : 2018/12/17

Ageneral cooperation agreement between OPEC and non-OPEC countries will be signed in three months in Saudi Arabia , the UAE energy minister said Tuesday.
News ID: 2894    Publish Date : 2018/12/12

Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts.
News ID: 2795    Publish Date : 2018/12/03

- King Salman inaugurated the project, in Turaif, which is set to boost GDP and create employment opportunities for locals - The completion of the project’s next phase would turn the Kingdom into the world’s second largest producer of phosphate fertilizers
News ID: 2689    Publish Date : 2018/11/23

Saudi Arabia 's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent.
News ID: 2687    Publish Date : 2018/11/23

Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off.
News ID: 2643    Publish Date : 2018/11/18

Oil prices rose on Friday amid expectations of supply cuts from OPEC.US West Texas Intermediate crude oil futures were at $56.84 per barrel, up 38 cents, or 0.7%, from their last settlement. Brent crude oil futures were up 48 cents, or 0.7%, at $67.10 per barrel.
News ID: 2635    Publish Date : 2018/11/17

Saudi Arabia and Russia, both of whom have boosted their crude output in recent months, were responsible for a $15/b drop in the price of oil and "should cut at least 1 million b/d instantly", an OPEC delegate told S&P Global Platts.
News ID: 2528    Publish Date : 2018/11/07

Iranian First Vice-President Es’haq Jahangiri highlighted the reasons behind the recent surge in oil prices and said US President Donald Trump wrongly thought that the Saudis were able to replace the reduced share of the Islamic Republic in global oil markets.
News ID: 2441    Publish Date : 2018/10/14

Russian and Saudi energy ministers see rising geopolitical risk as driving the recent oil price increase at a time when there is sufficient supply in the market -- a view that resonated with many delegates at Russian Energy Week, as the industry prepares for Iran sanctions to come into force on November 4.
News ID: 2351    Publish Date : 2018/10/04

OPEC’s oil production in September rose by 90,000 bpd from August to 32.85 million bpd—the highest level so far this year, but a plunge in Iranian production partly offset higher production in Saudi Arabia , Angola, and Libya, according to the monthly Reuters survey of OPEC supply.
News ID: 2341    Publish Date : 2018/10/03

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