Oil climbs 1% on Saudi Aramco’s Upbeat Demand View, Iraq Supply Cut
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts; although…
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oil
Saudi Became Top Oil Supplier to China in June, Customs
China's crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in…
IEA Raises 2020 Oil Demand Forecast
The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday; but warned that the spread of COVID-19…
Saudi economy contracts 1% in Q1 amid oil plunge
Steep decline in oil prices and the current coronavirus pandemic had a negative impact on Saudi Arabia’s economy; which…
Oil gains as market ignores new COVID-19 spike in cases
Oil prices gain Friday morning, as traders ignore new COVID-19 spikes, partly correcting losses of previous sessions.
Oil…
Oil continues gains on prolonged OPEC+ enthusiasm
Oil prices continued to gain on prolonged enthusiasm from Thursday’s OPEC+ meeting; with traders expecting increased…
Saudi Arabia Cuts Oil Production by Additional 1 Million bpd
The Saudi Energy Ministry directed Aramco to reduce its crude oil production for June by an extra voluntary amount of 1 million…
25% fall in Aramco first quarter net profit
The Saudi Arabian Oil Company Aramco on Tuesday reported a 25 percent fall in first-quarter net profit; below analyst estimates,…
Oil falls back to around $15 as global storage space for crude nears limit
Oil resumed its decline to trade near $15 a barrel as swelling global crude stockpiles. This made it more difficult for leading…
Saudi Arabia Underscores Keenness on Reaching Oil Market Stability
The Saudi cabinet stressed on Tuesday the Kingdom’s constant keenness on achieving stability in the global oil market.
Saudi…
