10 April | Gas | Oil

Saudi Aramco discovers several new fields amid falling oil prices

Saudi Aramco discovers several new fields amid falling oil prices

Saudi Aramco recently reported on the discovery of 14 new oil and gas fields which will allow Saudi Arabia to raise its oil production by 8,000 barrels per day (bpd) and increase its gas output by 80 million cubic feet per day. In addition, the state energy giant is also deploying new technologies designed to enhance hydrocarbon production, Oilprice.com notes.

Nevertheless, analysts from the website caution that the current price conditions could notably constrain both the output expansion and the pace of technological progress within the nation’s oil and gas sector. On April 1, Saudi Arabia began to ease its production cuts as part of the OPEC+ agreement. The kingdom plans to add 138,000 bpd to global oilsupply this month. 

Meanwhile, Saudi Aramco unveiled plans to expand its petrochemical complex on the country's west coast.

Period: 25.07.2025 Expectation: 440 pips
AUDCAD gains on technical bounce and improved sentiment in commodity markets
Yesterday at 10:05 AM 28
Period: 25.07.2025 Expectation: 1700 pips
GBPUSD struggles to regain momentum as uptrend breaks
Yesterday at 09:14 AM 26
Period: 25.07.2025 Expectation: 222 pips
Buying natural gas with target at 3.780 amid record heatwaves in US and Asia
17 July 2025 62
Period: 25.07.2025 Expectation: 15000 pips
ETHUSD rally accelerates as US moves forward with crypto legislation
17 July 2025 65
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
16 July 2025 86
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
16 July 2025 78
Go to forecasts