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Saudis

oil markets

Oil Jumps as Saudis, Russia Favor Extending Output Deal to 2018

16/05/2017(0)
Ministers agree pact should extend through the end of March OPEC deal is working and inventories decreasing: Al-Falih Oil rallied after Saudi Arabia and Russia stoked expectations that production ... Read More
A man walks in front of the Novokuibyshevsk refinery near the city of Samara, October 28, 2010. REUTERS/Nikolay Korchekov/File Photo

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018

15/05/2017(0)
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut ... Read More
saudi-arabia

Saudi Arabia may soon go bankrupt If no changes are made; Saudi experts

03/11/2016(0)
A two-year drop in oil prices has inflicted a dramatic blow to the economy of one of the world’s richest countries. If no changes are made, Saudi Arabia, according ... Read More
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym

Iran Outwitting Saudis on Oil, Bloomberg Says

25/04/2016(0)
Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at the recent pace, it could raise an ... Read More
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