Oil prices at highest since February 2020 following Saudi output cut - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Al-Monitor Staff

Al-Monitor Staff

Jan 7, 2021

Employees of Aramco work at Saudi Arabia's Abqaiq oil processing plant on Sept. 20, 2019, shortly after an air attack damaged the installation. Saudi Arabia said on Jan. 5, 2021, that it would reduce production, causing a spike in world oil prices. — FAYEZ NURELDINE/AFP via Getty Images

Oil prices continue to rise as Saudi Arabia and Russia talk production

Al-Monitor Staff

Al-Monitor Staff

A man refills his car at a gas station in the Saudi capital Riyadh on May 11, 2020. - Saudi Arabia's energy ministry said it had asked oil giant Aramco to make an additional voluntary output cut of one million barrels per day starting from June to support prices. The move will reduce the production of the world's biggest crude exporter to 7.5 million barrels per day, the energy ministry said in a statement cited by the official Saudi Press Agency. (Photo by RANIA SANJAR / AFP) (Photo by RANIA SANJAR/AFP via

Saudi Aramco sees massive drop in third quarter profits

Al-Monitor Staff

Al-Monitor Staff

OPEC+ pressures Iraq, UAE to further cut oil production

Al-Monitor Staff

Al-Monitor Staff

Employees of Aramco oil company work in Saudi Arabia's Abqaiq oil processing plant on September 20, 2019. - Saudi Arabia said on September 17 its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half. The strikes on Abqaiq - the world's largest oil processing facility - and the Khurais oil field in eastern Saudi Arabia roiled energy markets and revived fears of a conflict in the tinderbox Gulf

OPEC continues oil export cuts in June

Al-Monitor Staff

Al-Monitor Staff