Economy News Saudi Arabia’s Oil Production Cuts Have Tipped Its Economy Into Reverse
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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
Saudi Arabia's economy grew 5% in third quarter, government estimates
ABU DHABI, Oct 30 (Reuters) - Saudi Arabia's economy grew 5% in the third quarter from a year earlier, according to flash government estimates released on Thursday, with oil-related growth surging as ... 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
Crude Oil Prices Plunge on Report Saudi Arabia Wants to Speed Up Production Hikes
October WTI crude oil (CLV25) is down -1.91 (-3.01%), and October RBOB gasoline (RBV25) is down -0.0576 (-2.87%). Crude oil and gasoline prices are sharply lower after a report that Saudi Arabia wants ... 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
Saudi Economy Grows Most Since Early 2023 on Oil Supply Rise
Saudi Arabia’s economy expanded at the fastest pace since early 2023 in the third quarter, helped by rising oil production and big state investments in non-hydrocarbon sectors. Gross domestic product ... Read More
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