Economy News Saudi Arabia’s Oil Production Cuts Have Tipped Its Economy Into Reverse

Saudi Arabia Set to Slash Oil Prices to Asia for January

Saudi Aramco is expected to cut January crude prices for Asia to the lowest premium since 2021 amid ample supply and weakening Middle East benchmarks. Read More

Saudi Arabia may reduce January oil prices to Asia to five-year low

Saudi Arabia, the world's biggest oil exporter, is expected to lower its January crude price for Asian buyers for a second month to its lowest level for five years, tracking the decline in spot ... Read More

IMF Ups Saudi Arabia's 2025 GDP Growth Forecast to 4% as Oil Output Rises

DUBAI (Reuters) -The International Monetary Fund upgraded its 2025 economic growth forecast for Saudi Arabia on Tuesday due to a faster-than-expected unwinding of oil production cuts in the world's ... Read More

Saudi Arabia’s Crude Oil Exports Jumped By 400,000 Bpd in August

Saudi Arabia’s crude oil exports surged by 413,000 barrels per day (bpd) in August, to the highest level in six months, as the world’s top crude exporter and the OPEC+ group accelerated the reversal ... Read More

Saudi Arabia, MBS are far from ending their reliance on oil

This article was written by Abeer Abu Omar and Christine Burke at Bloomberg News. It appeared first on the Bloomberg Terminal. Around a decade ago, Saudi Arabia’s now Crown Prince Mohammed bin Salman ... Read More

What’s The Real Reason Behind OPEC+’s Surprise Oil Production Boost?

OPEC+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. The article questions ... Read More