When OPEC+ gathers on March 4, it will discuss whether to provide more crude to the market in April
crude production
crude oil price
Saudis take charge of oil market with surprise production cut
Kingdom has pledged an additional unilateral cut of one million barrels-a-day in February and March
crude production
Video: All eyes are on US oil production, Bahrain minister says
Sheikh Mohammed bin Khalifa Al Khalifa, Bahrain’s oil minister, outlines the supply and demand challenges facing the oil market.
Crude price
India set to increase oil imports amid declining domestic production
India’s crude oil production has fallen by over 6 percent during April-August this year
Abqaiq
Oil pauses as investors weigh trade hope against Saudi recovery
The prolonged US-China trade war has already almost halved oil demand growth
Abqaiq
Video: Saudi drone attacks – what is the damage done?
It’s been a week and there still seems to be no clarity on who launched the drone attacks on 2 Saudi oil facilities.
Crude price
Oil edged lower on signs of returning Saudi output as doubts linger
Saudi Aramco is returning most of its domestic oil refineries to full capacity after cutting back on processing to meet the crude demands of customers
crude production
OPEC output rises for first time since start of 2019 cuts
While Saudi Arabia increased production last month, the kingdom is still cutting by far more than promised in the OPEC+ deal
crude production
Video: Kuwaiti-Saudi Neutral Zone – will the Middle East be able to withstand the extra oil production?
Kuwait said it’s working with Saudi Arabia to resume oil production in the neutral zone between them that has been shuttered for at least four years.
crude production
Oil rebounds from seven-month low as Saudis seek to stem slide
Planned gatherings in Abu Dhabi early next month will be critical for leaders of the OPEC+ group, especially the Saudi and Russian energy ministers, to signal their intentions on production
crude production
Kuwait working with Saudis on resuming neutral zone oil output
The zone can produce as much as 500,000 barrels a day, equal to about 4% of the countries’ combined output last month
crude production
Saudi Aramco’s gas deal signals commitment to oil cuts, Brookfield says
Saudi Aramco announced that it’s taking a 25% stake in Sempra Energy’s Port Arthur liquefied natural gas terminal in Texas
crude oil price
Oil falls as deepening trade war stokes fear over global growth
Oil has swung between gains and losses this month as investors assessed conflicting demand and supply signals
crude production
Oil climbs as OPEC signal on output curbs overshadows trade risk
Saudi Energy Minister Khalid Al-Falih urged the OPEC+ coalition to “stay the course” on output limits after a meeting in Jeddah
crude production
Oil jumps as OPEC signals continued cuts and US threatens Iran
Oil has rallied about 40% this year as supply cuts have outweighed concerns about slowing demand growth caused by trade tensions between the US and China
crude oil
Saudi Aramco reveals sharp output drop at world’s largest oil field
Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed
crude production
Oman expects oil prices to remain in $65-$75 range, says energy minister
Oman’s oil ministry is also conducting a feasibility study about a 30% stake in a Sri Lankan oil refinery