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2016-05-10 18:25:00

SAUDI WANT MORE

SAUDI WANT MORE

Saudi Arabia, the world's biggest oil exporter, plans "significant growth" in output in 2016 and further international expansion, the head of the country's state-run producer said, even as global oversupply contributed to a drop in crude prices from a year ago.

Saudi Arabian Oil Co., also known as Saudi Aramco, will boost capacity at the Shaybah oil field by 33 percent to 1 million barrels a day in the next couple of weeks and will double natural gas production over the next decade, Amin Nasser, chief executive officer told reporters Tuesday at its headquarters in Dhahran, eastern Saudi Arabia.

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Tags: SAUDI, OIL, PRICES, PRODUCTION

Chronicle:

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2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

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2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

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2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

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2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

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