Tag Archives: Saudi Arabia

Aramco has said the 400.000-bpd Jazan refinery will start next year.

OPEC agreed to slash the output by 1.2 million barrels per day from Jan. 1.

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.

This small company could be one of the biggest winners of the coming gold boom.

India'.s main crude suppliers. Saudi Arabia and Iraq. cut exports to India this year due to production curbs.

An extension of the OPEC agreement will not be enough to raise global oil prices significantly.

Russia said it supports a suggestion from Saudi Arabia that OPEC and its allies extend their oil output cuts into next year.

Saudi Energy Minister Khalid al-Falih said on Monday the OPEC-led production cut could be extended beyond 2017.

OPEC'.s combined water-borne shipments of nearly 24 million barrels a day in March were up slightly from October levels.

MENA markets remained sluggish in April due to drop in trading liquidity and poor investments from both domestic and international investors.