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Update Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to stabilize prices. (Reuters)

Saudi Arabia extends voluntary oil cut of 1m barrels per day until mid-2024

  • OPEC+ has implemented a series of output cuts since late 2022 to support the market
  • Saudi Arabia’s output will remain at around 9 million bpd
By Arab News ·
Update G7 to implement Russian oil price cap ‘urgently’

G7 to implement Russian oil price cap ‘urgently’

By AFP ·
Oil prices edge higher with falling supplies in focus

Oil prices edge higher with falling supplies in focus

By Reuters ·
UAE remains committed to OPEC+ deal: source

UAE remains committed to OPEC+ deal: source

By Reuters ·
IEA says it will draw up plan to cut oil usage as prices surge

IEA says it will draw up plan to cut oil usage as prices surge

By Reuters ·
Brent crude to hit $125 a barrel due to limited output capacity, JPMorgan projects

Brent crude to hit $125 a barrel due to limited output capacity, JPMorgan projects

By ARAB NEWS  ·
Oil price rises mean tighter squeeze on cost of living for Brits

Oil price rises mean tighter squeeze on cost of living for Brits

By Arab News ·
Saudi Arabia cuts February crude prices to Asia

Saudi Arabia cuts February crude prices to Asia

By Reuters ·
Oil prices exceed $70 pushing aside omicron concerns

Oil prices exceed $70 pushing aside omicron concerns

By Arab News ·
Iraqi oil minister expects oil to reach over $75

Iraqi oil minister expects oil to reach over $75

By Reuters ·
Oil gains after Saudi price hike indicating confidence in the demand outlook

Oil gains after Saudi price hike indicating confidence in the demand outlook

By Arab News ·
Saudi Arabia raises January Arab Light crude prices to Asia

Saudi Arabia raises January Arab Light crude prices to Asia

By Reuters ·
OPEC+ likely to be cautious on oil demand at upcoming meeting, Vitol says

OPEC+ likely to be cautious on oil demand at upcoming meeting, Vitol says

By Arab News ·

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