News

Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
OPEC+ jolted markets by announcing it would flood the market with more oil.
OilPrice.com15h
Saudi Arabia Raises Oil Prices
Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.
Khaleej Times on MSN5h
Saudi Arabia raises August oil prices for Asia, Europe buyers
State energy firm Saudi Aramco raised the official selling price for its flagship Arab light crude to Asia loading in August ...
CNA47m
Oil shrugs off OPEC+'s bigger hike as tight market provides support
Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...
Saudi Arabia's non-oil sector growth quickens in June on strong demand, PMI shows
The expansion in Saudi Arabia's non-oil private sector activity accelerated in June, driven by robust client demand and a ...
OPEC+ to boost oil production by 548,000 barrels per day in August
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...
Saudi Oil Export Revenue Slumps to Lowest in Almost Four Years
Saudi Arabia’s revenue from oil exports slumped to the lowest in almost four years in April as crude prices crashed.
Saudi Arabia may raise August oil prices to Asia to 4-month high
Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in ...
Agence France-Presse on MSN2d
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August.
They decided to hike production to 548,000 barrels per day, a statement following a meeting in Vienna said. Analysts had expected the alliance to decide on another output increase of 411,000 barrels ...