Saudi Arabia’s economy shrank in the fourth quarter after it continued to reduce oil output in an …
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Oil output
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Saudi Aramco requested to cut max capacity target back to 12 mbpd
by Aya Anwarby Aya AnwarSaudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity …
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Saudi Aramco is aiming to restore by Monday about a third of its crude output that was …
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OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer …
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European markets finished Friday on a high note, as investors cheered on news coming out of an …
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forex news
Putin: Extending oil output cuts will ensure stable oil prices
by Yomna Yasserby Yomna YasserRussia’s President Vladimir Putin said Monday that extending oil output cuts for a further nine months would …
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Industry & Trade
Saudi Arabia tells US oil firms: Don’t expect OPEC cuts to offset rising shale output
by Yomna Yasserby Yomna YasserSenior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that …
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OPEC has agreed on Wednesday its first limit on oil output since 2008, an OPEC source told …
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Crude oil prices dropped on Monday on expectations that OPEC output would remain high after rising in …