Production News in Saudi Arabia

Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman extend voluntary cuts
9/5/2024 - The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and O...
55th JMMC Meeting Highlights Commitment to Production Conformity and Continued Oil Market Assessment
8/1/2024 - The Joint Ministerial Monitoring Committee (JMMC) reviewed the crude oil production data for the months of May and June 2024 and noted the high overall conformity for participating OPEC and non-OPEC c...
Saudi Arabia Will Extend Voluntary Cut of One Million Barrels per Day until Q2 2024
3/3/2024 - An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend its voluntary cut of one million barrels per day, which was implemented in July 2023, until the en...
52nd Meeting of the Joint Ministerial Monitoring Committee
2/1/2024 - The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday, 01 February 2024.

The JMMC reviewed the crude oil production data for the mon...
Aramco Receives Directive to Maintain MSC at 12 MMBD
1/30/2024 - Aramco announces that it has received a directive from the Ministry of Energy to maintain its Maximum Sustainable Capacity (MSC) at 12 million barrels per day (MMBD), and not to continue increasing MS...
Saudi Arabia Extends Voluntary Oil Cuts of 1m bpd until Q1 2024
11/30/2023 - An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend its voluntary cut of one million barrels per day, which was implemented in July 2023, until the en...
Saudi Arabia to Continue Voluntary 1m bpd Oil Output Cut for December 2023
11/5/2023 - ?An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will continue the voluntary cut of one million barrels per day, which went into implementation in July 2023 ...
Saudi Arabia to Extend Voluntary Cut of 1mbpd until the End of the Year
9/5/2023 - An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend the voluntary cut of one million barrels per day, which has gone into implementation in July and w...
OPEC + Renews its Commitment to Supporting the Stability of Oil Markets and Praises Saudi Arabia
8/4/2023 - The Joint Ministerial (Market Monitoring) Committee emanating from the (OPEC +) coalition renewed the commitment of the coalition countries to support the stability and balance of oil markets, while p...
The 49th Meeting of the Joint Ministerial Monitoring Committee
8/4/2023 - The JMMC reviewed the crude oil production data for the months of May and June 2023 and noted the overall conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (Do...
Saudi Arabia will Extend the Voluntary Cut of 1Mbpd for Another Month to Include September
8/3/2023 - An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend the voluntary cut of one million barrels per day, which has gone into implementation in July, for ...
Saudi Arabia will Extend the Voluntary Cut of 1Mbpd for Another Month to Include August
7/3/2023 - An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend the voluntary cut of one million barrels per day, which has gone into implementation in July, for ...
Aramco Announces Record Full-year 2022 Results
3/12/2023 - The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed...
Aramco Announces Record Second Quarter and Half-year 2022 Results
8/14/2022 - The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a ...
Nordic American Tankers– News on Oil Production in Saudi Arabia
8/4/2022 - Saudi Arabia’s Crude Oil Production is at levels only seen twice in history. This is good news for tanker transportation demand.
29th OPEC & non-OPEC Ministerial Meeting
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...
Aramco Announces 2nd Quarter and Half-year 2021 Results
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...
Aramco Announces Full-year 2020 Results
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...
Aramco Announces Third Quarter 2020 Results
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...
New Agreement between Saudi Arabia & Kuwait for Oil Production
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...

Camp Building Cleaning Equipment, Services Communication Corrosion Products/Services Development Exploration Food Supplies General Labor Services Land & Leasing Mine Clearance Oil & Gas Companies Production Service Companies Skilled Labors Transportation, 4X4 Trucks Utility Systems Waste Disposal Water Supply Services Welding Products/Services
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.