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" oil production"

144 results

Business - Economy
2/12/2024 6:00:25 PM
Saudi Arabia's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to expand into other forms of energy, the Gulf kingdom's energy minister said on Monday.

Business - Economy
1/30/2024 11:17:44 AM
Saudi Arabia's oil giant Saudi Aramco said Tuesday it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country's Energy Ministry.

Business - Energy
11/30/2023 8:03:34 PM
Saudi Arabia and Russia announced separately on Thursday that they will voluntarily cut their oil production.

Business - Energy
10/4/2023 1:04:56 PM
Saudi Arabia on Wednesday confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year.

Business - Energy
9/5/2023 8:47:00 PM
Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.

Business - Energy
8/3/2023 5:20:33 PM
Saudi Arabia announced Thursday it is extending a voluntary oil production cut of one million barrels per day for another month, keeping up its campaign to prop up prices.

World - Region
7/16/2023 5:08:33 PM
Oil production has resumed at two major Libyan oil fields, the oil ministry said Sunday, after a brief shutdown by demonstrators protesting the arrest of a former minister.

Business - Energy
7/5/2023 4:20:46 PM
Saudi Arabia on Wednesday dismissed talk of discord with oil ally Russia, praising their coordinated decisions to remove barrels from the market in efforts to prop up prices.

Business - Energy
7/3/2023 1:51:20 PM
Saudi Arabia announced on Monday it was extending a voluntary oil production cut of one million barrels per day, in a bid to prop up slumping prices.

Business - Energy
6/5/2023 7:02:33 PM
Russia will extend its voluntary oil production cut of half a million barrels per day until the end of 2024, Russian Deputy Prime Minister Alexander Novak said late on Sunday.

Business - Economy
4/12/2023 9:53:49 PM
Developing countries, including Egypt, have to reduce energy subsidies as the quickest way to achieve savings amid the ongoing global challenges and also amid the oil production reduction, the Deputy Director of Fiscal Affairs Department at the International Monetary Fund (IMF) Paolo Mauro told Ahram Online.

Business - Energy
4/3/2023 9:59:03 PM
The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.

World - War in Ukraine
3/21/2023 7:19:58 PM
Russia announced Tuesday that it was extending until the end of June oil production cuts of 500,000 barrels per day, a response to Western sanctions that was due to expire at the end of March.

World - War in Ukraine
12/23/2022 12:54:07 PM
Moscow could cut oil production by up to seven percent in early 2023 following an oil price cap agreed by Western countries, a Russian deputy prime minister said Friday.

World - Region
10/31/2022 12:19:55 PM
Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of "economic uncertainty'' ahead for the world.

Business - Energy
10/25/2022 4:57:13 PM
Saudi Arabia's energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to "manipulate markets", the latest apparent salvo in a spat with Washington over oil production.

Al-Ahram Weekly - Opinion
10/18/2022 8:15:17 PM
An anti-Saudi campaign has begun in the US in the wake of the OPEC plus decision to cut oil production, showing Washington’s apparently limited understanding of wider changes in the region.

Business - Economy
10/17/2022 7:00:36 PM
Egypt has voiced support to Saudi Arabia’s explanation of the technical considerations behind the recent decision of the OPEC+ group to cut oil production, which triggered tensions.

World - Region
10/17/2022 11:37:51 AM
Saudi Arabia has rejected US accusations of aligning itself with Russia amid the Ukraine war by making oil production cuts to drive up crude prices, insisting it was purely a business decision.

Al-Ahram Weekly - World
10/14/2022 2:13:00 PM
Rising tension between Washington and Riyadh over OPEC+ decision to cut oil production is reminiscent of the 1970s oil war.

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