Saudi crude oil output in August rises to 10.424 million b/d: OPEC source

Saudi Arabia will report August crude oil production of 10.424 million b/d, an OPEC source told S&P Global Platts on Friday. The figure represents a 136,000 b/d increase from July, when Saudi Arabia, OPEC’s largest producer and the world’s largest crude exporter, self-reported production of 10.288 million b/d. The kingdom supplied to market 10.467 million
Complete Reading

India is a source of growth for the global economy for the next few decades and it could be what China was for the world economy, the IMF said, as it suggested the Country to take steps towards more structural reforms. “India now contributes, in purchasing power parity measures, 15 per cent of the growth
Complete Reading

Kuwait has cut the May official selling price (OSP) for its crude oil sold to Asia by 25 cents per barrel from the previous month, an industry source familiar with the matter said. Kuwait will sell crude to its Asian customers at a discount of $1.40 a barrel to the average of the Oman/Dubai benchmark
Complete Reading

Create Account



Log In Your Account