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Saudi Arabia's economy slows as oil prices and production drop

Gross domestic product expanded 1.1% on an annual basis, according to preliminary data released by the General Authority for Statistics. That compares with 3.8% in the previous quarter and 11% a year earlier.

Saudi arabiaUnited statesAuthority for statisticsInternational monetary fundGeneral authorityEconomic growth waversOil production dropsInternational monetaryGrowing economiesWorld news

Crude Oil Production Drops Even As Prices Remain Elevated

India’s crude oil production fell 0.95% from 2.49 million tonnes in April 2021 to 2.46 million tonnes in April 2022 on the back of ‘less than planned contribution from workover wells, drilling wells and old wells’, according to the ministry of petroleum and natural gas

Crude oil productionOil production dropsMinistry of petroleum and natural gasBaghjan oilfield

Libya Says Armed Clashes at Key Oil Port Damaged Storage Tanks

Libya Says Armed Clashes at Key Oil Port Damaged Storage Tanks
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Fathi bashaghaAbdul hamid dbeibahLibya oil production drops toNational oil corpNational oilPrime minister abdul hamid dbeibahOil production dropsNorth african