Saudi Arabia Oil Supply
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Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
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Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
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US vs Saudi Over Oil Supply Cut, Riyadh Rejects Charges Of Backing Russia
The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington accusing Riyadh of knowingly boosting Russian interests.
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Oil Climbs To Near $98 Per Barrel As Tight Supply Moves Back Into Focus
Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in US crude inventories.
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India Eases Russian Oil Buying In July, Boosts Saudi Imports: Report
India's crude oil imports from Russia in July fell for the first time since March along with its overall purchase while supplies from Saudi Arabia rebounded for the first in five months, data obtained from trade and industry sources showed.
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Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
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Saudi Arabia Hikes July Crude Prices Surprisingly High For Asia Buyers
Saudi Arabia raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.
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India Calls Saudi Advice On Oil 'Undiplomatic'
Union Minister for Petroleum, Natural Gas and Steel Dharmendra Pradhan on Friday dismissed his Saudi counterpart's advice to reduce oil stores to tackle high crude prices, describing the comment as "undiplomatic."
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Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15 per cent, while meeting the normal monthly requirements of Indian refiners
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Saudi Arabia, Russia Outline Record Supply Cut As Demand Crashes On COVID-19
Officials from the Organization of the Petroleum Exporting Countries and Russia have said the scale of the crisis required involvement of all producers.
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Oil Falls 7% as Trump Surprises With Travel Ban
Oil prices fell on Thursday following surprise travel restrictions imposed by USPresident Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic. The slump in oil is being compounded by the threat of a flood of cheap supply after Saudi Arabia and United Arab Emirates sai...
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Coronavirus Pandemic: Crude Oil Drops Nearly 4% As US Bans Travel From Europe
The threat of a flood of cheap supply compounded market concerns as Saudi Arabia promised to raise oil output to a record high in a standoff with Russia.
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UAE Joins Saudi In Opening Oil Taps As Row With Russia Hits Crude Prices
UAE national oil company ADNOC said in its announcement that it would raise crude supply to more than 4 million bpd in April.
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It's Official, Saudi Aramco Set To Rival Alibaba With IPO: 10 Things To Know
Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will sell a portion of its existing shares in the company. The statement from the company followed a go-ahead from the Saudi market reg...
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Saudi To Meet Any Oil Supply Shortage To India From Other Sources: Envoy
Notwithstanding the biggest-ever attacks on its oil facilities, Saudi Arabia has said it is committed to meet India's energy security needs and will work constructively with other oil producers to maintain market stability.
-
Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
-
Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
-
US vs Saudi Over Oil Supply Cut, Riyadh Rejects Charges Of Backing Russia
The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington accusing Riyadh of knowingly boosting Russian interests.
-
Oil Climbs To Near $98 Per Barrel As Tight Supply Moves Back Into Focus
Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in US crude inventories.
-
India Eases Russian Oil Buying In July, Boosts Saudi Imports: Report
India's crude oil imports from Russia in July fell for the first time since March along with its overall purchase while supplies from Saudi Arabia rebounded for the first in five months, data obtained from trade and industry sources showed.
-
Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
-
Saudi Arabia Hikes July Crude Prices Surprisingly High For Asia Buyers
Saudi Arabia raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.
-
India Calls Saudi Advice On Oil 'Undiplomatic'
Union Minister for Petroleum, Natural Gas and Steel Dharmendra Pradhan on Friday dismissed his Saudi counterpart's advice to reduce oil stores to tackle high crude prices, describing the comment as "undiplomatic."
-
Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15 per cent, while meeting the normal monthly requirements of Indian refiners
-
Saudi Arabia, Russia Outline Record Supply Cut As Demand Crashes On COVID-19
Officials from the Organization of the Petroleum Exporting Countries and Russia have said the scale of the crisis required involvement of all producers.
-
Oil Falls 7% as Trump Surprises With Travel Ban
Oil prices fell on Thursday following surprise travel restrictions imposed by USPresident Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic. The slump in oil is being compounded by the threat of a flood of cheap supply after Saudi Arabia and United Arab Emirates sai...
-
Coronavirus Pandemic: Crude Oil Drops Nearly 4% As US Bans Travel From Europe
The threat of a flood of cheap supply compounded market concerns as Saudi Arabia promised to raise oil output to a record high in a standoff with Russia.
-
UAE Joins Saudi In Opening Oil Taps As Row With Russia Hits Crude Prices
UAE national oil company ADNOC said in its announcement that it would raise crude supply to more than 4 million bpd in April.
-
It's Official, Saudi Aramco Set To Rival Alibaba With IPO: 10 Things To Know
Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will sell a portion of its existing shares in the company. The statement from the company followed a go-ahead from the Saudi market reg...
-
Saudi To Meet Any Oil Supply Shortage To India From Other Sources: Envoy
Notwithstanding the biggest-ever attacks on its oil facilities, Saudi Arabia has said it is committed to meet India's energy security needs and will work constructively with other oil producers to maintain market stability.
