The OPEC+ alliance is reportedly weighing a more substantial oil production boost for July, potentially exceeding the previous monthly increases of 411,000 barrels per day (bpd) seen in May and June,

This discovery is the first since the resumption of production operations in the Partitioned Zone and its adjacent offshore area in mid-2020.

Report Ocean has published a new report on the Saudi Arabia Oil and Gas Exploration and Production Market, delivering an extensive analysis of key factors such as market restraints, drivers, and opportunities.

Minister of Economy Faisal Al-Ibrahim said oil is no longer the primary driver of Saudi Arabia’s budget. Speaking during a panel at the Qatar E

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

Report Ocean has published a new report on the Saudi Arabia Drilling Rigs Market, delivering an extensive analysis of key factors such as market restraints, drivers, and opportunities. The report offers a detailed examination of industry trends and developments shaping the growth of the Saudi Arabia Drilling Rigs market.

The 12% monthly increase in refining crude intake in March was 23% above the 10-year average for the same period

OPEC+ plans a large increase in oil production, totaling 411,000 barrels per day for July. This strategic move aims to regain market share and punish over-producing countries like Iraq and Kazakhstan.

LTIMindtree partners with Aramco Digital to launch NextEra, a Saudi-based IT services firm focused on AI, cloud, and digital transformation under Vision 2030