Saudi oil may keep a lid on Middle East fallout | Reuters
WEB1 day ago · Saudi oil may keep a lid on Middle East fallout. A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. REUTERS/Essam Al-Sudani Purchase Licensing ...
Saudi Strategic Shift Raises Specter Of Another Oil Bust - Forbes
WEB3 hours ago · After several years of relative stability in global crude oil markets, speculation is risi ng that strategic shifts from Saudi Arabia, OPEC, and the larger OPEC+ oil cartel could presage another ...
Saudi Arabia ready to abandon $100 crude target to ... - Financial …
WEB5 days ago · A decade ago Saudi Arabia brought the $100 a barrel oil era to a close, increasing output as prices fell in 2014 in an effort to thwart the rapid emergence of the US shale industry.
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a ...
WEBSep 6, 2023 · Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The dual announcements from Riyadh and Moscow pushed benchmark Brent crude …
Analysis: Saudi Arabia needs more than higher oil prices to fund …
WEBJun 5, 2023 · Saudi Arabia surprised traders again on Sunday with an oil production cut of about 1 million barrels a day, roughly 1% of global supply, which sent oil prices climbing.
Saudi attacks send oil prices soaring: Live updates | CNN
WEBSep 16, 2019 · The attacks on key oil facilities in Saudi Arabia have disrupted about half of the kingdom’s oil capacity, or 5% of the daily global oil supply. That means 5.7 million barrels a day of crude oil...
Saudi Arabia extends cut in amount of oil it sends to the world - AP News
WEBNov 30, 2023 · The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday, Nov. 30, 2023 on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up.
Saudi Arabia to Extend Oil Production Cut by a Month
WEBAug 3, 2023 · In a move to support oil prices, Saudi Arabia said Thursday that it would extend its decision to cut oil production by one million barrels a day for another month, to September.
Saudi Arabia extends oil production cut even as US gas prices hit ... - CNN
WEBAug 3, 2023 · OPEC leader Saudi Arabia is extending its oil production cut for at least another month in a move that threatens to drive gasoline and other energy prices even higher.
Saudi Arabia Plans Spending Cuts as Lower Oil Curbs Ambition
WEB22 hours ago · September 30, 2024 at 12:40 PM EDT. Save. Saudi Arabia plans to cut spending next year to contain a widening budget deficit as a decline in oil revenue runs up against the cost of multibillion ...