Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
11-03-20
Saudi Oil Company to increase its oil output by 300,000 barrels per day starting April 1
(MENAFN) Starting from April 1st, Saudi oil company Saudi Aramco will raise its oil output by 300,000 barrels for each day, to 12.3 million barrels for each day, as the company said.
As said in a report by Saudi Aramco, the choice to the Saudi stock exchange estimates that this will have a positive, long-term effect.
On Tuesday, oil prices increased after the largest loss recorded in one day in almost 30 years on Monday; prices had decreased because of the Saudi decision to raise oil production after the fall of a pact among members of the Organization of Petroleum Exporting Countries (OPEC) alliance with Russia to cut productions.
Gulf markets have also rebounded on Tuesday after a high volatility on Sunday and Monday. KSA's Tadawul grew about 7.1 percent to destroy most of the losses from Monday and Saudi Aramco increased about 10 percent.
MENAFN1103202000450000ID1099832256
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us