Refinery runs in the kingdom hit 3 million b/d for the first time in July as oil burn fell and installed solar capacity surged.
Saudi Arabia’s refineries processed a record 2.978 million barrels per day of crude in July. Rising crude output combined with falling oil burn should translate into more records from the world's largest oil exporter over the coming months.
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RIYADH: Saudi Arabia pumped 9 million barrels per day of crude in April, a 0.54 percent month-on-month increase, according to the…
The Opec heavyweight has prioritized fuel oil over more valuable crude to burn in power stations during peak summer demand season.
RIYADH: Saudi Arabia’s industrial production jumped 8.9 percent in October from a year earlier, driven by higher oil output and…
RIYADH: Saudi Arabia’s industrial production jumped 6.5 percent in July from a year earlier, driven by solid gains in…
RIYADH: Saudi Arabia’s industrial production index rose to 115 in January, up 10.4 percent from a year earlier, driven by higher…
Growing economic headwinds are challenging the kingdom's nonoil sector.
