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Oil

The two sides said that coordination is currently underway in the partitioned zone to increase oil production. (Shutterstock)

Saudi Arabia and Kuwait working on increasing oil production from Khafji and Wafra

  • Both sides praised close cooperation and successful efforts of OPEC+ group in enhancing stability of global oil market
By Arab News ·
Oil trades sideways as OPEC+ to keep output hike steady before Biden visit

Oil trades sideways as OPEC+ to keep output hike steady before Biden visit

By Reuters ·
Oil prices dive $2 per barrel on fear Fed rate hikes will hurt demand

Oil prices dive $2 per barrel on fear Fed rate hikes will hurt demand

By Reuters ·
China In-Focus — Philippines terminates joint energy exploration talks with China; CATL to produce next-gen EV battery

China In-Focus — Philippines terminates joint energy exploration talks with China; CATL to produce next-gen EV battery

By Nirmal Narayanan ·
China In-Focus — Shares down; Swedish court upholds ban on Huawei 5G gear; Heatwaves drive up power demand

China In-Focus — Shares down; Swedish court upholds ban on Huawei 5G gear; Heatwaves drive up power demand

By Nirmal Narayanan ·
Oil Updates — Oil slumps $6 a barrel; China imports 2m barrels of Iran oil; Total JV makes oil discovery off Suriname coast

Oil Updates — Oil slumps $6 a barrel; China imports 2m barrels of Iran oil; Total JV makes oil discovery off Suriname coast

By Nirmal Narayanan ·
Biden calls Chevron CEO ‘mildly sensitive’ as he urges for clear energy policy

Biden calls Chevron CEO ‘mildly sensitive’ as he urges for clear energy policy

By Arab News ·
Oil prices climb $2 on strong demand, tight supply

Oil prices climb $2 on strong demand, tight supply

By Reuters ·
Saudi Aramco to supply 45% of Polish group’s crude oil needs

Saudi Aramco to supply 45% of Polish group’s crude oil needs

By Arab News ·
Oil Updates — Crude rises; Petrobras CEO resigns; Norway oil union leader happy with wage deal

Oil Updates — Crude rises; Petrobras CEO resigns; Norway oil union leader happy with wage deal

By Nirmal Narayanan  ·
Oil swings higher as tight supplies overshadow demand destruction

Oil swings higher as tight supplies overshadow demand destruction

By Reuters ·
Mideast oil refinery expansions could help ease diesel crisis: Bloomberg

Mideast oil refinery expansions could help ease diesel crisis: Bloomberg

By Arab News ·
Update Saudi Arabia trailed as the second-largest crude supplier to China, with May volumes up 9 percent on year at 7.82 million tons.

Saudi Arabia’s oil exports hit 25-month high in April: JODI

By Rinat Gainullin ·

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