Production News in Saudi Arabia
| 6/2/2022 - The 29th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 2 June 2022. The Meeting noted the most recent reopening from lockdowns in major global economic centers. It further note... |
| 8/8/2021 - The Saudi Arabian Oil Company has announced its second quarter 2021 financial results, reporting a 288% increase
in net income from the same quarter of last year to $25.5 billion and declaring a div... |
| 3/21/2021 - The Saudi Arabian Oil Company has announced its full-year 2020 results, demonstrating exceptional resilience
despite the macroeconomic impact of COVID-19 and delivering on its intended dividend
pa... |
| 11/3/2020 - The Saudi Arabian Oil Company announced its financial results for the third quarter of 2020. These results highlight the Company’s financial and operational strength, despite market volatility and the... |
| 12/25/2019 - Saudi Aramco welcomes the new agreement signed between the Kingdom of Saudi Arabia and the State of Kuwait regarding the Saudi-Kuwaiti Partitioned Zone, which paves the way for the resumption of oil p... |
| 7/3/2018 - Saudi Arabia’s cabinet affirmed the kingdom’s readiness to deploy its spare oil production capacity to maintain market balance and stability, a statement carried by state news agency SPA said. ... |
| 6/25/2018 - Oil giant Saudi Aramco has spare capacity of 2 million barrels per day (bpd) and can meet additional oil demand in case of any interruption in supplies, the company head said on Monday, days after OPE... |
| 10/28/2017 - Crown Prince Mohammed bin Salman reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement. ... |
| 10/16/2017 - Minister of Oil, Electricity and Water Essam Al-Marzouq announced that discussions with Saudi authorities over Al-Khafji oil field are proceeding. 'There are simple matters that need to be thrashed ou... |
| 7/11/2017 - Output from Saudi Aramco's massive Manifa oilfield has been hit by a technical problem, the International Oil Daily reported, citing unnamed sources. ... |
| 2/2/2017 - State oil giant Saudi Aramco is considering expanding its oil and gas production from the Berri offshore oilfield, industry sources told Reuters. Aramco would over time add 250,000 barrels per day of ... |
| 1/20/2017 - Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said. ... |
| 1/17/2017 - Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. ... |
| 12/5/2016 - Saudi Arabia and Kuwait are expected to agree this month to resume oil production from the jointly operated oilfields in the Neutral Zone that lies between both countries, industry sources told Reuter... |
| 11/4/2016 - Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its suppl... |
| 10/25/2016 - Global offshore oil production (including lease condensate and hydrocarbon gas liquids) in 2015 was at the highest level since 2010, and accounted for nearly 30% of total global oil production. Offsho... |
| 9/23/2016 - Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discu... |
| 9/6/2016 - Saudi Arabia said it would go along with a freeze in oil output if other producers agreed one but cautioned that Iran could foil any attempt to limit output. ... |
| 8/31/2016 - Saudi Arabian energy minister Khalid al-Falih said the top crude exporter does not target a specific figure for its oil production which is set based on its customer's needs. ... |
| 8/26/2016 - Saudi Arabian Energy Minister Khalid Al-Falih tempered expectations that the world's major oil producers would look to freeze production next month, telling Reuters that the "market is moving in the r... |
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