Tag Archives: Arab News

The US has seen an increase in its oil supply to South Korea.

The relationship between Saudi Arabia and Russia brings an opportunity for ``perpetual stability`` in global oil markets.

China’s economic growth slowed to 6.2 percent in the second quarter.

The Khurais facility is now producing over 1.3 million barrels per day. while the Abqaiq plant is producing approximately 3 million.

The attacks halved the crude output of the world'.s top oil exporter. by shutting down 5.7 million barrels per day.

Demand for OPEC crude will average 29.40 million bpd in 2020. down 1.2 million bpd from this year.

The oil market has become highly sensitive to the US-China trade war.

Despite a further cut in oil demand growth by the IEA. oil prices are trading marginally higher.

Three of the oil officials said Exxon had costed the project at higher than Hyundai’s $2.4 billion.

The two side also discussed the oil market conditions and the Kingdom’s keenness to maintain its stabilities.