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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 — Crude gains ahead of G7 discussions; Ecuador’s oil output halved; Ukraine attacks Crimean oil-drilling platform

Oil Updates — Crude gains ahead of G7 discussions; Ecuador’s oil output halved; Ukraine attacks Crimean oil-drilling platform

By Nirmal Narayanan ·
France urges producers to cap oil price over Ukraine

France urges producers to cap oil price over Ukraine

By Reuters ·
Oil Updates — Oil settled up; G7 considering ways of capping Russian oil price; US drillers add oil and gas rigs for a record 23 months

Oil Updates — Oil settled up; G7 considering ways of capping Russian oil price; US drillers add oil and gas rigs for a record 23 months

By Nirmal Narayanan ·
Update 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  ·

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