The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are set to ease the record 9.7-million barrels per day (mmbbl/d) production cuts as of August as demand has seen a continual rise, Saudi ...
Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman Al Saud, and Iraq’s Oil Minister, Ihsan Abdul Jabbar Ismail, had a phone call to discuss the issue of compliance with the OPEC+ deal.
Crude oil production resumed on July 1 at the Wafra oilfield, which is a joint venture between Kuwait and Saudi Arabia.
India’s oil imports in May have nosedived 31% from April’s levels, representing the lowest importing figures since October 2011.
Kuwait and Saudi Arabia have plans in place to resume oil production at the Neutral Zone at jointly-operated Khafji and Wafra oilfields on July 1.
Arab Petroleum Investment Corporation (APICORP) have pledged $792 billion for planned energy investments for the time period 2020-2024.
Saudi Arabia and Russia have agreed to extend the existing oil cuts by another month and intend to ramp up pressure on non-compliant oil producing nations.
Kuwait and Saudi Arabia will suspend oil production from their joint Khafji oil field and shut down affiliated facilities for one month starting from June 1.
Saudi Arabia-founded Arabian Geophysical and Surveying Company (Argas), the largest seismic acquisition company in Mena, is to expand its business internationally.
The Kingdom of Saudi Arabia’s oil exports in March rose by 113,000 barrels per day (bbl/d) to 7.391 million barrels per day (mmbbl/d) from 7.278 mmbbl/d in February.
