Sunday, 29th January 2023
<To guardian.ng
Search

Saudi Arabia to hike oil output capacity by 1 million barrels per day

Aramco is continuing to up the ante as part of an oil price war with its Russian counterpart. Russia said it was considering a similar output boost while also leaving the door open to further negotiations with OPEC.

Related

21 Jun 2022
Ukraine's heavyweight world champion Oleksandr Usyk to face Briton Anthony Joshua in Jeddah, Saudi Arabia on Aug. 20 in a rematch of their London bout last year.
23 Jun 2022
The leaders of Saudi Arabia and Turkey are turning the page on years of strained relations, exacerbated by the 2018 assassination of Saudi journalist Jamal Khashoggi at the kingdom's consulate in Istanbul. Face-to-face dialogue is the order of the day between Crown Prince Mohammed bin Salman and President Recep Tayyip Erdogan.
8 Jul 2022
OPEC's Secretary-General Mohammad Barkindo has died, Mele Kyari, the chief executive of Nigerian National Petroleum Corp said on Wednesday.
16 Jul 2022
The US president has penned a defense of his planned visit to Saudi Arabia for The Washington Post. His trip comes after pledging to make the country a "pariah" on the campaign trail.
11 Jul 2022
The US president has penned a defense of his planned visit to Saudi Arabia for The Washington Post. His trip comes after pledging to make the country a "pariah" on the campaign trail.
14 Jul 2022
During his campaign for the US presidency, Joe Biden described Saudi Arabia as a 'pariah state' in the aftermath of the murder of journalist Jamal Khashoggi. But since taking office, Biden's language has changed. This week, he is making his first trip to the oil-rich kingdom as president, as global energy prices soar in the wake of Russia’s invasion of Ukraine. To discuss the trip (which also includes Jordan and Israel), we talk to Middle East expert and former CIA officer Douglas London, who is adjunct associate professor at the Center for Security Studies at Georgetown University.
21 Jul 2022
The US president has used harsh words to describe Mohammed bin Salman's (MBS) human rights record. But that was before Russia invaded Ukraine and sent oil prices soaring.
4 Sep
Berlin insists on implementing a controversial deal that recognizes the colonial-era genocide in Namibia, according to responses to parliamentary questions by the socialist Left Party seen exclusively by DW.
22 Sep
In an interview with FRANCE 24 on the sidelines of the UN General Assembly, Iraq's Foreign inister Fuad Hussein said he was hoping to host a meeting in Baghdad between the foreign ministers of Iran and Saudi Arabia. Hussein said that after five meetings between intelligence officials of the two rival powers in recent months, it was time to upgrade and have the two top diplomats meet in person.
28 Sep
Saudi Arabia's King Salman bin Abdulaziz has named his son and heir Prince Mohammed bin Salman as the kingdom's prime minister and his second son Prince Khalid as defense minister in a Cabinet reshuffle.
6 Oct
OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections.
7 Oct
The decision by the OPEC+ oil cartel to lower global production to 2 million barrels per day starting in November has prompted the US to dip into its Strategic Petroleum Reserve to dampen prices. An upcoming price cap on Russian oil could also add more inflationary pressure if Moscow decides to respond by cutting supply to participating countries.