Saudi Arabia, Russia Cooperate Over Oil Market
Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy, and the Minister of Energy for the Russian Federation Alexander Novak are in constant contact on the developing oil market situation.
Saudi Arabia | Egypt Oil & Gas - Part 14
Aramco Maintains Dividend Payout Despite 25% Q1 Profit Drop
Saudi Aramco, the world’s largest oil exporting company, announced that it will maintain its promise to deliver its $18.75 billion dividend payout Q1 even though the company recorded 25% drop in profit.
Kuwait to Voluntarily Further Reduce Production by 80,000 bbl/d
Kuwait’s oil minister, Khaled Al-Fadhel, announced that Kuwait will support the Kingdom of Saudi Arabia’s efforts to restore stability to oil markets by cutting production by 80,000 barrels per day (bbl/d).
UAE to Voluntary Cut Production by 2.5% in June
UAE’s Minister of Energy, Suhail bin Mohammed Faraj Faris Al-Mazrouei, announced that the UAE will voluntarily cut its oil output by 2.5% (100,000 barrels per day (bpd)) in June to rebalance the global oil market ...
Saudi Arabia to Reduce Oil Production Worth 1% of Daily Global Supply
A Saudi Ministry of Energy Official stated that Saudi Aramco will reduce its crude oil production in June by a voluntary amount of 1 million barrels of oil per day (mmbbl/d) or 1% of daily global oil supply.
Saudi Arabia Sells Crude to Belarus for First Time
Belarus’ state refiner Beleneftkhim has purchased its first batch of crude from the Kingdom of Saudi Arabia.
Saudi Arabia Ready for Long Term Cooperation with Russia
Saudi Arabia and Russia confirmed their commitment to implement the OPEC agreement of limiting production to 9.7 million barrels per day (mmbbl) for the coming two years.
Saudi Arabia Crude Oil Exports Falls to 7.2 mmbbl in February
Saudi Arabia’s crude oil exports in February slipped to 7.2 million barrels per day (mmbbl) from 7.29 mmbbl in January.
Saudi Arabia to Sell 600,000 bbl/d of Crude to US
Saudi Arabia determined 600,000 barrels of its crude oil to be sold to USA daily in April 2020 to be the highest amount during a year.
Saudi Aramco to Provide 8.5 mmbbl/d of Crude Oil
Saudi Aramco company announced that it will provide its customers with 8.5 million barrel per day (mbl/d) of crude oil starting from May 2020 .
