Tag Archives: Saudi Arabia

The chemicals business is Aramco’s key strategy.

Iraq on Monday joined Iran and Venezuela in opposing any plans to start boosting crude output.

Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.

Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.

OPEC officials in Kuwait just a few days ago tried to hash out a strategy ahead of the June 22 meeting.

The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.

The decision to keep cutting or start ramping up needs to be unanimous.

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.