16 Nov 2014
(MENAFN) Saudi Arabia announced it is planning to continue with its balanced oil policy to support the market’s stability, Gulf News reported.
Saudi said that its decision come as the result of the country’s interest in supporting the market as well as due to its taking into account the interests of producers and consumers of energy around the world.
Saudi, which has a production capacity of 12.5 million barrels per day, said that it has heavily invested to keep the additional production capacity, as well as to enhance the stability of the global energy markets with the objective of supporting the global economic growth and its stability.
Saudi’s comments come before an OPEC meeting later this month, where the top producers of oil will consider cutting oil output after the prices declined more than 30 percent to USD80 a barrel, which is a four-year low for oil prices.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more