Tag Archives: Saudi Arabia

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.

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.