Oil markets go from stable to unpredictable after Hamas terrorism attack
Tag: Saudi Arabia
OPEC+ members extend production cuts
Oil prices surge for six consecutive weeks amid supply cuts
Is OPEC+ demise imminent?
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
But cut overshadowed by worsening global consumption outlook, geopolitics
Riyadh continues to push for higher crude oil market prices
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
Analysts doubt Russia’s appetite for additional production cuts
The future price of crude oil still uncertain
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
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
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
It would be a crippling blow to the influence of the organization on the global oil markets