Economy News Saudi Arabia’s Oil Production Cuts Have Tipped Its Economy Into Reverse
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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
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 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 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
Saudi Arabia Slashes December Oil Prices to Defend Market Share in Asia
Saudi Arabia has sharply reduced its December crude oil prices for Asia to defend market share amid signs of oversupply and softening demand. 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
Oil Recovery to Determine Saudi Fiscal Trajectory, IMF Says
Saudi Arabia’s fiscal and current accounts would benefit most from a rebound in oil prices and production, according to the International Monetary Fund, despite the government’s progress in ... 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
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