Latest News for: Oil ministry

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OPEC+ adjusts output targets for 2024

People Daily 05 Jun 2023
OPEC+'s latest decision came amid sliding oil prices in recent weeks ... Following OPEC+'s announcement on Sunday, Saudi Arabia's energy ministry announced a further cut of oil production by 1 million bpd, which will start in July for a month that can be extended, the Saudi Press Agency reported.
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Organization of the Petroleum Exporting Countries adjusts output targets for 2024

Sina 05 Jun 2023
OPEC+'s latest decision came amid sliding oil prices in recent weeks ... Following OPEC+'s announcement on Sunday, Saudi Arabia's energy ministry announced a further cut of oil production by 1 million bpd, which will start in July for a month that can be extended, the Saudi Press Agency reported.
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Saudi Arabia announces additional voluntary oil production cut

China Daily 05 Jun 2023
RIYADH - Saudi Energy Ministry announced on Sunday an additional voluntary cut in its production of crude oil ... The Saudi oil production will become 9 million barrels per ...
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Algeria extends oil output cut in line with OPEC+ decision

Xinhua 05 Jun 2023
ALGIERS, June 5 (Xinhua) -- Algeria will maintain the current reduction of 48,000 barrels per day in oil production until late December 2024, said the Ministry of Energy and ...
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Saudi Arabia pledges big oil cuts in July as OPEC+ extends deal into 2024

Financial Express 05 Jun 2023
Saudi’s energy ministry said the country’s output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years ... Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.
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Kazakhstan to Extend Oil Production Cut of 78,000 B/D Until End of 2024 - Ministry

Urdu Point 05 Jun 2023
ASTANA (UrduPoint News / Sputnik - 05th June, 2023) Kazakhstan will extend the voluntary reduction in oil production at the level of 78,000 barrels per day until the end of 2024, the Kazakh Energy Ministry said on Sunday ... the ministry said.
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Saudi Arabia to slash oil output to 9 mln bpd from July

Press TV 05 Jun 2023
... in a bid to help efforts to reinforce global oil prices. Saudi Arabia’s official SPA news agency quoted an unnamed source in the country’s energy ministry as saying on Sunday that voluntary cuts to the kingdom’s oil output will amount to 1.5 million barrels per day (bpd) in July.
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Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024

Democratic Underground 05 Jun 2023
VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's energy ministry said ...
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OPEC: Saudi Arabia announces further oil cut of 1M bpd

The Siasat Daily 05 Jun 2023
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill ... Ministry of Energy ... In April, Saudi Arabia, Russia, and other OPEC+ oil producers declared their intention to reduce production by 1.16 million barrels per day.
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Oil Price Forecast: Tighter Supply Expected as Saudi Arabia Slashes Output

FX Empire 05 Jun 2023
This move by the world’s top oil exporter aims to counteract the macroeconomic challenges that have been weighing on the market. The Saudi energy ministry revealed that the kingdom’s output would decrease to 9 million barrels per day in July, marking its most significant reduction in years and contributing to the recent gains in oil prices.
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Saudi pledges big oil cuts in July

The Daily Herald 05 Jun 2023
VIENNA--Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years.
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Saudi Arabia pledges big cuts to oil output in July

RTE 05 Jun 2023
Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years.
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S. Arabia pledges big cuts in oil output next month

Dawn 05 Jun 2023
Saudi Arabia will make a deep cut to its output next month on top of a broader Opec+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices ... Since Russia’s invasion of Ukraine began in February last year, Western nations have accused Opec of manipulating oil prices and undermining the global economy through high energy costs.
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US Navy shows Chinese warship’s ‘unsafe interaction’ near Taiwan

Financial Express 05 Jun 2023
criticism of the encounter, and its foreign ministry did not immediately respond to a request for comment on Monday.Also Read. Oil tanker breaks down in Egypt’s Suez Canal, disrupting traffic in the global waterway ... Taiwan’s defence ministry on Sunday called China’s actions with the U.S.
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Saudi Arabia to cut oil output in July, extend OPEC+ voluntary cut until end of 2024

Arab News 04 Jun 2023
The ministry also announced an additional voluntary oil output cut of 1 million bpd for July, which could be extended further ... The ministry said the additional voluntary cut comes to reinforce ...

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