Tag: Saudi Arabia
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Saudi maintains crude supply to Asian refiners despite OPEC+ cuts
State oil giant Saudi Aramco (2222.SE) will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output...
OPEC+ surprise output cuts lift oil prices by $5 per barrel
Oil prices surged on Monday, jolted by a surprise announcement by OPEC+ to cut production further in what top producer Saudi Arabia called a...
OPEC+ output cuts are unadvisable, US says
The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable.
"We don’t think cuts are...
Aramco affirms support for China’s energy secrutiy
Saudi Arabian oil giant Aramco affirmed on Sunday its support for China's long-term energy security and development, the company's CEO Amin Nasser said in...
Oil rises on demand hopes as banking fears ease
Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support measures stabilised a banking crisis that...
