Tag Archives: Organization of Petroleum Exporting Countries

Saudi Arabia will increase oil output amid recovery in prices

Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …

Read More »

Saudi King Salman, 84, admitted to hospital

RIAD (Reuters) – Saudi Arabia’s 84-year-old king, Salman bin Abdulaziz, was admitted to a hospital in the capital, Riyadh, suffering from inflammation of the gallbladder, the state-run SPA news agency said on Monday. The king, who has ruled the world’s largest oil exporter and a close ally of the US …

Read More »