Economy News Saudi Arabia’s Oil Production Cuts Have Tipped Its Economy Into Reverse
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Saudi Crude Oil Exports Soar to Seven-Month High
Saudi Arabia's crude oil exports reached a seven-month high in September as production surged to a 29-month peak, driven by the OPEC+ group unwinding its cuts and rising demand for non-sanctioned ... 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 crude exports rise to seven-month high in September
Saudi Arabia's crude oil exports hit a seven-month high in September, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. Read More
Saudi crude oil price cut is just enough to stay competitive
The decision by Saudi Aramco to cut the price of its crude oil for Asian refiners for December cargoes has been viewed as a move to build market share amid concerns of looming global oversupply. Read More
OPEC Plus Agrees to Small Boost in Oil Production
Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks. By Stanley Reed Reporting from London Eight members of the OPEC Plus oil producers group ... Read More
Saudi Arabia to Raise Its Crude Prices to Asia
Saudi Arabia is expected to raise slightly the price of its flagship crude grade loading for Asia in November, to reflect stronger Middle Eastern oil benchmarks, refining sources told Reuters in a ... Read More
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