Major Oil Producers Saudi Arabia, Russia Want to Diversify …
1 day ago · The changing dynamics of oil also sharpens the long-standing question of OPEC's influence and relevance. The oil producer group led by Saudi Arabia accounts for about 30% of global crude production.
Analysis: Saudi Arabia needs more than higher oil prices to fund …
Jun 5, 2023 · Saudi Arabia surprised traders again on Sunday with an oil production cut of about 1 million barrels a day, roughly 1% of global supply, which sent oil prices climbing.
What to know about Saudi Arabia's stunning oil production cuts : NPR
Apr 3, 2023 · Saudi Arabia and a handful of other countries stunned the world on Sunday by announcing significant cuts in their oil production – totaling more than a million barrels of oil per day ...
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a ...
Sep 6, 2023 · Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
Saudi Arabia cuts oil production again amid economic uncertainty : NPR
Jun 4, 2023 · Saudi Arabia will now produce 9 million barrels of crude oil per day, the country's Ministry of Energy said. That's 1.5 million fewer barrels per day than it was churning out earlier this...
Saudi Arabia ready to abandon $100 crude target to take back …
Sep 26, 2024 · Saudi Arabia needs an oil price of close to $100 a barrel to balance its budget, according to the IMF, as Crown Prince Mohammed bin Salman seeks to fund a series of megaprojects at the...
OPEC+ members agree to significant voluntary oil production cuts
Nov 30, 2023 · Saudi Arabia, the world’s biggest exporter of crude oil, will lead the effort by extending a voluntary production cut of 1 million barrels per day of oil — previously intended to run till the...
Saudi Arabia to Extend Oil Production Cut by a Month
Aug 3, 2023 · In a move to support oil prices, Saudi Arabia said Thursday that it would extend its decision to cut oil production by one million barrels a day for another month, to September.
Saudi attacks send oil prices soaring: Live updates | CNN
Sep 16, 2019 · Attacks on major oil plants in Saudi Arabia have shaken up global oil markets and complicated the already strained relations between the kingdom and its regional arch-rival Iran.
Saudi Arabia Cuts Oil Production to Boost Prices - The New York Times
Jun 5, 2023 · Crude oil and natural gas rebounded this morning after Saudi Arabia, the world’s biggest exporter, announced a million-barrel-per-day production cut at this weekend’s OPEC Plus summit in an...