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under pressure form us, saudi plans record output, offers extra oil in asia




evidence is mounting that saudi arabia is heeding us president donald trump’s call for opec to keep the oil market amply supplied and rein in prices. the middle east kingdom is offering extra crude volumes on top of its contractual supplies to some buyers in asia, according to people with knowledg...



saudi arabia plans to pump up to 11 million bpd in july, the highest ever




saudi arabia plans to pump up to 11 million barrels of oil in july, the highest in its history, up from about 10.8 million bpd in june, an industry source familiar with saudi oil production plans told reuters on tuesday. opec agreed with russia and other oil-producing allies on saturday to raise out...



saudi aramco plans to change asia crude oil price formula, to use dme oman




saudi aramco plans to change the formula used to price its long-term crude oil sales to asia starting from october, marking the first change in benchmarks for its official selling prices (osp) since the mid-1980s, multiple trade sources said on wednesday. the new formula will be based on the average...



presstv- iran rejects spat with russia over saudi oil push




a senior iranian oil official has played down differences with russia over a saudi-led push to raise crude oil production which has prompted tehran to warn against breaching opec’s current output limits.non-opec russia and opec members reportedly agreed last month to raise output by around 1 milli...



trump says saudi king agreed to increase oil output




us president donald trump said on saturday that saudi arabia's king salman had agreed to his request to ramp up oil production, a week after opec already announced an output rise.the official saudi press agency confirmed a phone call between the two leaders about oil, but mentioned no specifics.trum...



presstv- saudis to pump 2mn more barrels of oil




saudi arabia says it is ready to use its surplus two million barrels of oil production capacity to even out the global market."the kingdom is prepared to utilize its spare production capacity when necessary to deal with any future changes in the levels of supply and demand," said a statement release...



saudi aramco to enter india as part of asia expansion: ceo tells nikkei




saudi aramco, the state oil company of saudi arabia, is considering entering india as part of its asian expansion, nikkei said on tuesday, citing aramco's ceo who said that plans for an indian refinery are crystallising. "saudi aramco is looking at additional investments in china, and india is also ...



saudis preparing for record high oil output in july  




saudi arabia is reportedly preparing to increase its oil production to a record high of 10.8 million barrels per day (m/d) in july.



presstv-world surprised by saudi king’s lavish se asia visit




saudi king salman has taken world by surprise with his extravagant visit to indonesia along with an entourage of 1,500 people amid reports that he plans to spend millions staying in resorts and hotels in the bali island.king salman arrived in jakarta wednesday on the second leg of his luxurious m...



presstv-trump says riyadh to raise oil output by 2m bpd




us president donald trump says saudi arabia’s king salman has agreed to his request to increase the kingdom’s oil output in what is already seen as part of washington’s aggressive agenda against iran.trump announced in an early morning tweet that the saudi daily oil production could rise by "m...



iran is running out of options on oil amid us sanctions, pressure on opec




iran’s position in the oil market is looking weaker than ever as a bruising opec meeting and tightening net of us sanctions leave it with fewer friends and fleeing customers. tehran is getting hit from all sides. washington is telling buyers to stop all purchases of the country’s crude, while op...



presstv-iran says saudis ‘belittle’ opec if raise oil output




iran has strongly reacted to a purported plan by saudi arabia to increase its production of crude oil and says the alleged attempt would belittle the organization of the petroleum exporting countries (opec) which last week agreed to maintain supplies.iran’s opec governor hossein kazempour ardebili...



presstv-doubts if saudis can replace lost iranian barrels




indications are growing that show the us cannot rely on saudi arabia for too long to make up for the missing iranian oil supplies once american sanctions are re-imposed against the country.reuters in a report quoted estimates by the international energy agency (iea) as showing that saudi arabia woul...



trump offers to resolve arab dispute with qatar




his remarks came a day after he suggested saudi arabia and other countries acted after pressure from him.



iran's approval will be key as opec edges closer to raising oil output




opec edged closer on thursday towards raising oil output, with iran softening its opposition to an increase and saudi arabia warning of supply shortages and price rallies if production remained stable. a production rise of about 1 million barrels per day (bpd) or around 1 percent of global supply wa...



presstv-qatar to boost gas output amid saudi-led siege




energy-rich qatar said it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbors in a diplomatic crisis.saad sherida al-kaabi, the head of qatar petroleum, told a press conference on tuesday that the emirate intends to raise produ...



oil edges lower as libyan output undermines 2018 rally




oil slipped on monday under pressure from rising libyan output and concerns that a rally that had sent prices to their highest since december 2014 had run out of steam. but losses were limited by comments from top exporter saudi arabia that organization of the petroleum exporting countries (opec) an...



presstv-'saudi crown prince to visit us in march'




saudi arabian crown prince mohammed bin salman has plans to travel to the us in march, says a saudi official.on wednesday, a saudi government official said that salman is expected to be in the us from march 19 to the first week of april.stressing that the details of the trip are yet to be finalized,...



saudi arabia's $121 billion reason to allow women to drive




allowing saudi women to drive could help the kingdom reap as much income as selling shares in saudi aramco.asmaa al-assdmi poses for a photograph holding her new car license at the saudi driving school inside princess nora university in saudi arabia.photo: aploadingthe move, which went into effect o...



presstv-yemen scholars blast planned arab détente with israel




prominent yemeni scholars have lashed out at certain arab countries for their plans to normalize ties with israel, calling on their nations to put pressure on their governments to prevent such détente.in a statement issued after a gathering in the capital sana’a on thursday, the scholars highligh...



opec and russia prepared to raise oil output under u.s. pressure




saudi arabia and russia are discussing raising opec and non-opec oil production by some 1 million barrels a day, sources said, while opec's chief said a complaint from u.s. president donald trump over high prices had triggered the idea of upping output.riyadh and moscow are prepared to ease output...



sugar output likely to hit record next season as farmers stay sweet on cane




india's sugar output is likely to scale record highs in the next marketing season, with farmers choosing to plant the crop despite falling prices and around 200 billion rupees ($2.96 billion) in delayed payments from mills for the current harvest.farmers such as mohan sawant, who this year planted c...



presstv-saudi-backed south west asian football federation formed




saudi arabia’s aspirations for regional hegemony on asian soccer pitches and its ulterior moves to normalize relations with the tel aviv regime have confounded sports enthusiasts across the middle east and worldwide with the creation of the south west asian football federation (swaff).the oil-rich...



iran backs venezuela, iraq, will veto saudi move to hike opec crude output




iran will not accept saudi arabia's proposal to increase crude output of organisation of the petroleum exporting countries, iran's representative to the grouping said on tuesday. iran, along with venezuela and iraq, is going to veto the saudi arabia's proposal at the june 22 opec meeting in vienna, ...



presstv-saudi jets bomb yemeni market amid global silence




mohammed al-attabpress tv, sana'asaudi arabia’s thursday attack on a market in the yemeni province of hajjah has drawn angry reactions from the yemenis. this, at a time when the un human rights council, under the saudi pressure, has once again failed to form an international committee to probe the...