Saudi Aramco to increase oil production to meet global demand
Saudi Arabia’s state oil company said it would increase spending on oil production to meet rising global demand, as it reported a doubling of profits in 2021.
Saudi Arabia steps up oil price war with big production
Saudi Arabia has some of the lowest production costs in the world, meaning Aramco could withstand low prices far better than other big oil companies. However, the Saudi economy relies more heavily
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Saudis, other oil giants announce surprise production cuts
Saudi Arabia and other major oil producers say they will cut oil production by 1.15 million barrels per day from May until the end of 2023. The Saudi Energy Ministry said Sunday that its cuts of 500,000 barrels per day were in addition to a reduction announced last October. It described the move as a 減recautionary measure?aimed at stabilizing the oil market. The move would likely raise
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Saudi Arabia's economic crisis, explained in 10 graphics
One indication of Saudi Arabia declining standard of living are falling vehicle sales, which having skidded off a cliff since the last big oil price drop in 2015, when there were 800,000 car
Saudi Arabia’s Chief Oil Whisperer Spills Some of His Secrets
Now retired, he has just published a book that reveals some of the secrets of Saudi-speak. “ Oil Leaders ” divulges a few bombshells, including the time when
OPEC+ makes deep oil output cuts sought by Saudi Arabia
The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.
Country Analysis Executive Summary : Saudi Arabia
Country Analysis Executive Summary : Saudi Arabia Last Updated: December 2,2021 Overview • 1Saudi Arabia holds 15% of the world's proved oil
How Strong Is Saudi Arabia's Military? - Newsweek
Saudi Arabia has a defense budget of $76.7 billion攇iving the oil-rich nation a significant advantage over its regional rivals Israel and Iran, which have respective budgets of $18.5 billion
