OPEC+ keeps output policy unchanged
OPEC+ ministers kept output policy unchanged due to the oil market aligning with the group's preferences,…
Browsing Tag
barrels per day (bpd)
S. Arabia oil production expansion halt due to transition – minister
Saudi Arabia plans to reduce its long-term oil production capacity expansion was due to energy transition, Reuters…
S. Arabia’s economy shrinks in Q4 ’23
Saudi Arabia’s economy shrank in the fourth quarter after it continued to reduce oil output in an effort to raise…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
US dollar, oil up in early Wednesday trade
Oil prices were up in early Wednesday trade. Brent crude rose by 0.43 per cent, or 0.34 cents, reaching $79.89 a…
