Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
Businessam Staff
July 29, 2020
World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the year due to
Saudi Arabia, Russia consider easing crude oil supply curbs
Businessam StaffMay 25, 2018
Saudi Arabia and Russia are prepared to ease oil production cuts, which have pushed crude prices to their highest since 2014, to calm
U.S. boosts oil exports to key Asian markets
Irina Slav for Oilprice.comNovember 24, 2017
U.S. crude oil exports to Asia last week hit the highest in two months, and the second-highest on record, at 877,000 bpd, according to
Record US shale output keeps OPEC under pressure
Businessam StaffAugust 15, 2017
Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support