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

Saudi Arabia cuts December oil prices for Asia as OPEC+ boosts output

Saudi Arabia, the world's top oil exporter, has sharply reduced the prices of its crude for Asian buyers in December, responding to a well-supplied market as OPEC+ producers ramp up production. Read More

Saudi Arabia Cuts December Oil Price for Asia in Sign of Caution

The price is seen as a key indicator of the kingdom’s outlook on regional demand and the move follows OPEC+ pausing output increases for early next year. 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

How Saudi Arabia is diversifying away from oil — and betting big on AI

While oil is still the primary driver of Saudi Arabia's economy, the kingdom is now diversifying its growth drivers into areas such as artificial intelligence, tourism and sports. Saudi ministers told ... 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

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

OPEC+ meets with future oil production hanging in the balance

The OPEC+ alliance has shifted its strategy and has sought to gain market share by increasing output — Paul Ratje Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to ... Read More

Saudi Arabia's oil strategy lowers prices, giving Trump a boost: WSJ

Saudi Arabia has increased oil output, pushing crude prices lower this year in a move that analysts say serves multiple goals: reclaiming market share from Brazil, Guyana and U.S. shale, enforcing ... Read More

Saudi Arabia Boosts Oil Output; Global Prices Take A Hit

Saudi Arabia has recently increased its crude oil production to reclaim market share rather than maintain price stability. This strategic pivot creates ripple effects throughout global energy markets, ... Read More