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Oil Prices Rise to 11-month High after Saudi Arabia Pledges Unilateral Output Cut

2021-01-06 11:15:00| OGI

WTI futures in the U.S. climbed as much as 0.6% to $50.24/bbl, also the highest since Feb. 26, before slipping to $49.96. The contract on Jan. 5 closed up 4.6%.

Tags: high prices cut oil

 

Saudi Arabia Deepens Cuts as OPEC+ Agrees Oil Output Rollover

2021-01-05 19:00:00| OGI

Saudi Arabia is going beyond its promised cuts as part of the OPEC+ group of oil producers to support both its own economy and the oil market, the countrys energy minister says.

Tags: oil output arabia saudi

 
 

Shipping Firm Says Oil Tanker Hit by External Source in Saudi Arabia

2020-12-14 11:05:00| OGI

Shipping company Hafnia said one of its oil tankers had been hit by an unidentified "external source" that caused an explosion and a fire while the ship was discharging at Jeddah port in Saudi Arabia.

Tags: shipping source hit firm

 

'External source' causes oil tanker explosion in Saudi Arabia

2020-12-14 07:13:12| BBC News | Business | UK Edition

The Singapore-flagged ship was hit by an unidentified "external source" while it was discharging.

Tags: source external oil arabia

 

Saudi Arabia Cuts December Crude Prices to Asia

2020-11-05 20:30:00| OGI

Saudi Aramco was expected to maintain or slightly cut its December official selling prices for Asian buyers, according to a Reuters survey.

Tags: december prices asia arabia

 

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