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Saudi oil News

19 Sep 2019

Oil prices rise as Saudi supply risks come into focus

Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while US West Texas Intermediate crude was up 89 cents at $59 a barrel.

18 Sep 2019

Saudi attacks raise spectre of oil at $100 per barrel

Attacks on two plants at the heart of the kingdom`s oil industry on Saturday knocked out more than half of Saudi crude output, or 5% of global supply.

26 Apr 2016

Saudi prince unveils sweeping plans to end "addiction" to oil

The powerful young prince overseeing Saudi Arabia`s economy unveiled ambitious plans on Monday aimed at ending the kingdom`s "addiction" to oil and transforming it into a global investment power.

12 Apr 2015

Saudi Arabia's oil output projected at 9.8 mbpd this year

Saudi Arabia's oil production is projected to rise to 9.8 million barrels per day (mbpd) this year from 9.6 mbpd, as the Kingdom tries to win back market share in its oil price war with US shale drillers, according to a review.

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