Page 27 - Saudi Arabia

Saudi Arabia announces plan to boost oil capacity by 1mn bpd amid price war

Brent crude was trading at $36.77 per barrel, down 1.2%, at 0733 GMT on Wednesday

Oil prices fall as Saudi moves to boost output amid price war with Russia

West Texas Intermediate fell 1.7% to about $33 a barrel while Brent crude was off 1.7% at $36 a barrel

Saudi Aramco to raise oil output by 1 mn bpd as price war escalates

'Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 bpd,' the company said

How to cope with $30 oil: Producers prepare for more spending cuts

The launch of a price war between Saudi Arabia and Russia drove oil prices down by about a third on Monday

Saudi Arabia increases oil output to a record high of 12.3 mbpd

The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday

US blames 'state actors' for shocking oil markets, pleads for calm

Oil prices suffered their biggest daily rout since the 1991 Gulf War as top producers Russia and Saudi Arabia launched a price war in the face of weak demand prompted by the spread of the coronavirus

Oil firms promised billions to investors. Now what next after price crash?

Brent crude was trading at around $36 a barrel, down around 20 per cent by 16:45 GMT on Monday, when analysts lowered share price forecasts for top oil and gas producers

The oil crash

Govt should seize the opportunity to improve its finances

Donald Trump blames oil fight, 'fake news' for stock market drop

Throughout his presidency, Trump has frequently pointed to rising stock prices and record-high market indexes as a signal of the American economy's health.

Crude collapse exposes Big Oil's weak points as valuations crash

Producers have cut costs, sold assets and canceled projects to repair balance sheets following crude's 2014-17 slump.

Market rout: India should take advantage of falling crude oil prices

Easy liquidity available earlier is drying up, debt is piling up, debt repayments are due and a lot of investors are looking for profitability and not just production growth.

Crude oil down 30% as Saudi, Russia fail to reach deal over supply cuts

On Monday, Saudi Arabia reduced oil prices and offered to increase production, triggering a price war among oil-producing countries

Black Monday for commodities across the board as crude sheds 31%

Brokers facing margin calls, started selling all commodities to pay for losses

Saudi Aramco shares dive 10%, Gulf debt markets hit in all-out crude war

DUBAI (Reuters) - Saudi Aramco <2222.SE> shares fell by as much as 10% on Monday, dropping below their December listing price after Saudi Arabia and Russia said they would raise oil production in a battle for market share, sending crude prices down by a third.

Margin calls triggered in crude oil led to across-the-board selling

The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%

Goldman Sachs cuts Brent forecasts to $30 on price war, Coronavirus impact

Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia

As Saudi Arabia blows up crude oil market, stand by for fallout: Analyst

The Saudi move was no shot across the bows aimed at Russia's reluctance to extend and boost a deal to curb production.

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

The battle ended when the Organization of the Petroleum Exporting Countries (OPEC) and Russia struck a deal to cut production

Two senior Saudi princes arrested for criticising Mohammed bin Salman

Both princes had served previously in the post of interior minister, overseeing security and surveillance inside the kingdom

Saudi king's brother among three senior royals detained for coup plot

Another source said the princes were accused of "treason".