Aramco to increase crude production amid price war
The company will increase production by 300,000 barrels per day...
Tag : OPEC
As global oil prices fall, Petrobras’ shares plunge
A possible price war could hinder Petrobras’ plan to sell around $30 bn of assets by 2024...
Global oil prices plunge as Saudi-Russia negotiations collapse
Saudi Arabia decides to cut prices by nearly 10%...
Saudi urges Opec+ to cut 1.5 mn bpd as coronavirus affects oil demand
the Kingdom has pushed for a larger cut compared to Goldman Sach’s recommendation of 600,000 to I mn bpd...
IEA says no impact on oil market despite US-Iran row
Oil prices have fallen after leaping $4 per barrel...
Saudi, Kuwait joint Khafji field to produce 320,000 oil bpd by 2020 end
The Kingdom has signed a deal with Kuwait on resuming oil production...
Kuwait determined to implement oil accord to support crude prices
The country’s efforts stem from the need to reduce excess output which might result in falling prices...
Saudi Aramco valuation gap might complicate its IPO
While Saudi Crown Prince Mohammed Bin Salman is insisting on a US$2 tn valuation, bankers value the company at $1.5 tn...
Russia will decide OPEC oil cuts extension depending on the market
President Putin said Russian companies have new plans to develop fields which “should be taken into account”...
OPEC members to decide on oil prices this week
OPEC is scheduled to meet this week in Vienna to discuss raising production rates, ahead of a meeting with Russia and non-OPEC members ...