Post Tagged with: "Saudis"

Source: Reuters

Oil prices up after Saudi pledge on cuts eases some glut fears


LONDON  – Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain a supply glut built up during the coronavirus crisis.

Brent crude LCOc1 advanced 78 cents, …

Source: Reuters

Oil prices rise on Saudi voluntary cuts


LONDON – Oil prices rose on Monday after leading exporter Saudi Arabia said it will reduce output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ pact, though gains were capped by fears …

Source: Houston Chronicle

Saudis to hike oil export to record 10 million barrels a day

Houston Chronicle

Saudi Arabia plans to boost oil exports even further from April to May, reaching a record of more than 10 million barrels a day as the kingdom taps a new field.

The increase in shipments of about 250,000 …