Reading Time: 4 minutes Oil markets go from stable to unpredictable after Hamas terrorism attack
Tag: Saudi Arabia
OPEC+ members extend production cuts
Reading Time: 3 minutes Oil prices surge for six consecutive weeks amid supply cuts
Is OPEC+ demise imminent?
Reading Time: 4 minutes OPEC+ faces an uncertain future amid slackening global oil demand and waning co-operation
Crude oil prices fluctuate after Saudi Arabia’s surprise production cut
Reading Time: 3 minutes But cut overshadowed by worsening global consumption outlook, geopolitics
Riyadh continues to push for higher crude oil market prices
Reading Time: 3 minutes Saudi Arabia requires US$80.90 per barrel oil if it is to meet its budgetary needs
Riyadh’s campaign for lower OPEC+ output clashes with Russia’s needs
Reading Time: 3 minutes Analysts doubt Russia’s appetite for additional production cuts
The future price of crude oil still uncertain
Reading Time: 4 minutes International Energy Agency (IEA) is warning of higher oil prices in the second half of the year, but …
OPEC+ decision to cut output sends a political message to Washington
Reading Time: 4 minutes Riyadh is no longer willing to toe Washington’s line and its interests now reign supreme
China–brokered deal between Iran and Saudi Arabia catches world by surprise
Reading Time: 4 minutes A new crude oil bloc seems to be taking shape, apparently at the cost to the U.S. and the West
United Arab Emirates considering quitting OPEC
Reading Time: 4 minutes It would be a crippling blow to the influence of the organization on the global oil markets