Tag Archives: Persian Gulf Countries

Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by 1 million barrels a day.

Saudi Aramco’s unconventional resources programme covers three areas of Saudi Arabia.

Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.

Now Russia and Saudi Arabia are discussing opening the taps by an extra million barrels per day.

Asian markets mostly fell Friday after the news of Trump'.s cancellation of the summit.

Move follows pressure from US as prices breach $80 a barrel.

Saudi Aramco’s much-hyped initial public offering is ``most likely`` to take place in 2019.

The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.

OPEC and allied oil producers including Russia are discussing new ways of measuring global crude stockpiles.

Middle East oil producers and Russia have forged closer ties since striking a deal to cut global crude output in a bid to remove a glut in supplies.