Four takeaways as oil giant Saudi Aramco reports a huge
Four takeaways as oil giant Saudi Aramco reports a huge $161 billion profit. Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility,
5 things to know about Saudi Arabia's stunning decision to
5 things to know about Saudi Arabia's stunning decision to cut oil production. A person goes to the pump at a gas station in Arlington, Va., on July 29, 2022. Gas prices have come down
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 Iraq said it would reduce
Saudis, other oil giants announce surprise production cuts
April 2, 2023, 7:52 AM DUBAI, United Arab Emirates -- Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.
Saudi Arabia Oil Gas & Petrochemicals International
Saudi Arabia has the second-largest proven oil reserves in the world. Saudi Aramco, one of the world’s largest integrated energy and chemicals companies,
Democrats push to punish Saudi Arabia for oil production cut
An oil processing facility in Saudi Arabia. The country, along with other OPEC+ members, plans to cut production against the wishes of the U.S. Simon Dawson/Bloomberg/Getty Images hide caption
What to know about Saudi Arabia's stunning oil production
That's what happened last year when oil prices surged, sending the national average price for gasoline to a record of as much as $5 per gallon. Prices had come
What to know about Saudi Arabia's stunning oil production
Saudi Arabia and a handful of other countries stunned the world on Sunday by announcing significant cuts in their oil production ?totaling more than a million barrels of oil per day ?..
Saudi Arabia steps up oil price war with big production increase
Saudi Arabia has intensified the oil price war by ordering its state-owned producer, Saudi Aramco, to raise the maximum production rate to record highs of 13m
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
