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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 Updates — Aramco lowers selling price; Crude climbs after OPEC+ meeting; Japan sets price cap on Russian crude  

Oil Updates — Aramco lowers selling price; Crude climbs after OPEC+ meeting; Japan sets price cap on Russian crude  

By Nirmal Narayanan  ·
Oil Updates — Crude dips ahead of OPEC+ meeting; Russia says price cap will not curb oil demand 

Oil Updates — Crude dips ahead of OPEC+ meeting; Russia says price cap will not curb oil demand 

By Nirmal Narayanan  ·
Oil Updates — Crude dips; US urges caution on low-quoted Russian oil prices 

Oil Updates — Crude dips; US urges caution on low-quoted Russian oil prices 

By Nirmal Narayanan  ·
Oil Updates — Crude up; Iraq plans to raise oil exports by 250k bpd in 2023 

Oil Updates — Crude up; Iraq plans to raise oil exports by 250k bpd in 2023 

By Nirmal Narayanan  ·
Oil Updates — Crude falls over $2; Chevron to expand production in Venezuela 

Oil Updates — Crude falls over $2; Chevron to expand production in Venezuela 

By Nirmal Narayanan  ·
Oil Updates — Crude prices down; Ukraine wants lower cap on Russian oil 

Oil Updates — Crude prices down; Ukraine wants lower cap on Russian oil 

By Nirmal Narayanan  ·
Update Oil prices stable, but Chinese demand worries linger

Oil prices stable, but Chinese demand worries linger

By Reuters ·
Saudi, Iraqi energy ministers stress need to work within OPEC+ framework — statement

Saudi, Iraqi energy ministers stress need to work within OPEC+ framework — statement

By Reuters ·
Update Oil Updates — Crude slips; Russia not to supply oil and gas to countries supporting price cap

Oil Updates — Crude slips; Russia not to supply oil and gas to countries supporting price cap

By Nirmal Narayanan  ·
Update Saudi Arabia’s non-oil exports surge 13% in Q3 driven by chemical and allied industries

Saudi Arabia’s non-oil exports surge 13% in Q3 driven by chemical and allied industries

By Nirmal Narayanan - Farida El-Gazzar ·
Update Oil Updates — Crude edges up; UK oil and gas sector faces $24 billion bill to plug old wells 

Oil Updates — Crude edges up; UK oil and gas sector faces $24 billion bill to plug old wells 

By Nirmal Narayanan ·
Oil Updates — Crude hovers near two-month low; China’s oil imports from Russia jumps 

Oil Updates — Crude hovers near two-month low; China’s oil imports from Russia jumps 

By Nirmal Narayanan  ·

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