Tag Archives: Saudi Arabia

Saudi total exports are set to drop to around 7mn bpd in January.

The JV will help increase the cybersecurity protections available to the Saudi oil major besides its suppliers.

Saudi Arabia shouldered most of the production cuts on the OPEC side.

OPEC and its allies agreed to reduce oil production by 1.2 million barrels per day (bpd) for the first six months of 2019.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

The fiscal deficit continues to narrow in Saudi Arabia.

Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.

Riyadh has suggested OPEC and its allies reduce output by 1 million barrels per day from January 2019 to stem the price falls.

A decision on the production policy in 2019 can be reached at an OPEC+ ministerial meeting in Vienna on December 6-7.