Saudi Aramco makes huge profit amid Ukraine-Russia war
The amount from the Saudi oil firm Aramco is the biggest quarterly adjusted profit of any listed company....
Tag : OPEC
Will Saudi Arabia, UAE bail out from oil crisis?
OPEC was established in 1960 as a cartel with the intention of controlling the price and supply of oil globally....
Takeaways from Joe Biden’s first trip to Middle East
OPEC+ decided last month to increase output targets by 648,000 barrels per day in August....
Kuwait oil revenues reach $38.10 bn in 2021
The gulf OPEC member recorded a budget deficit of Dh682.4 mn in the first nine months of the fiscal year...
GCC economies poised to grow 2.6% in 2021: World Bank
The report mentioned that the growth will continue in 2022...
Kuwait backs OPEC+ plan to increase oil output
OPEC+ announced a monthly increase of 400,000 barrels to ensure the oil supply balance in the global market...