OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,

Gross Domestic Product (GDP) of Saudi Arabia contracted by 7.0% in real terms in the second quarter of 2020.

Low oil prices and the COVID-19 pandemic are taking a toll on Saudi Arabia's economy and budget

The Committee reviewed the crude oil production data for August 2020 and welcomed the positive performance in overall conformity for participating OPEC and non-OPEC countries of the DoC, which was recorded at 102% in August 2020, including Mexico as per the secondary sources.

Saudi Arabia and Russia agreed to further closely coordinate their work on production cuts, trade and investments.

The Saud Electricity financing is a 7-year medium-term facility and is unsecured syndicated borrowing.

OPEC+ underscored the fragility of the market and significant uncertainties, particularly associated with oil demand, and called for vigilance by all participating countries.

Saudi Arabia pumped 7.484 million b/d in June, the lowest since December 2002, and down from 8.486 million b/d in May.

The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its results for the second quarter and first half of 2020,

Saudi Aramco capital expenditure was $6.2 billion in Q2 and $13.6 billion for the first half of 2020.