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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 ·
Russia to extend oil production cuts until end of June

Russia to extend oil production cuts until end of June

By AFP ·
Oil Updates — Crude up; Venezuela president accepts resignation of oil minister  

Oil Updates — Crude up; Venezuela president accepts resignation of oil minister  

By Arab News ·
Oil Updates: Crude price falls; Goldman Sachs cuts Brent oil forecasts 

Oil Updates: Crude price falls; Goldman Sachs cuts Brent oil forecasts 

By ARAB NEWS  ·
Oil rises 2% as reports of Saudi Arabia, Russia meeting calm investors

Oil rises 2% as reports of Saudi Arabia, Russia meeting calm investors

By Reuters ·
Saudi crude production rises as global trends hits 7-month low: JODI Data

Saudi crude production rises as global trends hits 7-month low: JODI Data

By Nirmal Narayanan ·
Oil falls 5% to lowest in more than a year as banking fears mount

Oil falls 5% to lowest in more than a year as banking fears mount

By Reuters ·
Update Oil Updates — Oil hits lowest in more than a year; OPEC+ to stick to production cut

Oil Updates — Oil hits lowest in more than a year; OPEC+ to stick to production cut

By Arab News ·
OPEC raises Chinese oil demand growth forecast further

OPEC raises Chinese oil demand growth forecast further

By Donia Diaaeddine ·
Oil Updates — Crude falls; Iraq PM announces Kurdistan oil revenue agreements 

Oil Updates — Crude falls; Iraq PM announces Kurdistan oil revenue agreements 

By ARAB NEWS  ·
Oil prices remain volatile as recession fears mount

Oil prices remain volatile as recession fears mount

By Reuters ·
Update The Safer contains 1.1 million barrels of oil — four times as much as that spilled in the 1989 Exxon Valdez disaster.

‘Major breakthrough’ in UN effort to salvage oil tanker in Yemen and prevent environmental disaster

By Ephrem Kossaify ·
Oil Updates — Crude slightly down; Barclays cuts 2023 oil price forecasts

Oil Updates — Crude slightly down; Barclays cuts 2023 oil price forecasts

By Arab News ·

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