Saudi Arabia

Riyadh to target Washington with oil export cut

Saudi Arabia plans to slash exports to the U.S. oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories. American-based oil refiners have been told to expect much lower shipments from the kingdom in …

Saudi Arabia oil output reaches record high

OPEC oil production climbed in November, driven by record output from Saudi Arabia, even as the group’s plan to impose fresh production curbs next month has helped to put a floor under crude prices, the International Energy Agency (IEA) …

Oil drops 5% on concern over size of OPEC output cut

Oil prices plunged anew this morning amid a closely watched OPEC gathering in Vienna, where major producers have yet to reach an agreement on anticipated output cuts, according to an official. WTI crude for January delivery lost …

Oil future decided in Vienna

The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.