One of OPEC’s largest producers, Kuwait, plans to boost its crude oil production capacity to 3.15 million barrels per day…
Read More »Saudi Arabia will lose its status as the largest OPEC+ oil producer to Russia as it begins the unilateral cut…
Read More »Saudi Arabia and its fellow OPEC+ producers may not have lifted the international crude oil futures with their production cuts,…
Read More »At least four buyers of Saudi crude oil from Asia and Europe have changed their plans for future orders after…
Read More »Oman’s social security recipients will receive their most significant boost in six years in the 2023 fiscal budget. Sultan Haitham approved 11.35 billion…
Read More »Top crude producer Saudi Aramco has signed an initial agreement with China’s Shandong Energy Group to supply crude oil and…
Read More »The economic pain for many countries being caused by still-high crude oil (and gas) prices may be exacerbated by another…
Read More »Saudi Arabia’s oil exports jumped to the level of nine million barrels per day during the month of February 2022,…
Read More »Oman posted a budget surplus of $545m in the first two months of this year, helped by higher oil prices…
Read More »Saudi Arabia raised oil prices for all regions after crude surged following Russia’s military offensive in Ukraine to more than…
Read More »Oil prices that rallied 50 percent in 2021 will power further ahead this year, some analysts predict, saying a lack…
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