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Tag: Saudi Arabia

Posted on January 8, 2021

Refiners Taken Aback by Saudi Output Pledge

Several oil refiners in Asia were taken aback by Saudi Arabia’s pledge to curb 1 million barrels a day of supplies from next month.

( read original story …)



Posted on January 8, 2021

Kuwait says Saudi Arabia to lift embargo on Qatar, opening its air and land borders in first steps to end Gulf crisis

Kuwait says Saudi Arabia to lift embargo on Qatar, opening its air and land borders in first steps to end Gulf crisis …

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Posted on January 8, 2021

Egypt signs reconciliation deal with Qatar

The Saudi foreign minister has said that Saudi Arabia and its three Arab allies agreed to restore full ties with Qatar. His remarks came after Gulf leaders signed a “solidarity and stability” …

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Posted on January 7, 2021

Why Saudi Arabia made up with Qatar

The personal relationships of Gulf leaders are often tinged with the exotic in the eyes of western audiences.So when the flowing black robes of Crown Prince Mohammed bin Salman of Saudi Arabia …

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Posted on January 7, 2021

The Real Price of Saudi Arabia’s Surprise Oil Cuts

Saudi Arabia’s $3 billion insurance premium to protect against falling oil prices will end up being a lot smaller than it seems at first sight. That holds even if demand turns out to be stronger than …

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Posted on January 7, 2021

Saudi’s Surprise Output Cut to Lift Brent to $60/bbl by Mid-Year – UBS

UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year, following Saudi Arabia’s surprise unilateral production cut and expectations of a sharp recovery in demand in the second …

( read original story …)



Posted on January 7, 2021

Saudi’s Surprise Output Cut to Lift Brent to $60/bbl by Mid-Year – UBS

UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year, following Saudi Arabia’s surprise unilateral production cut and expectations of a sharp recovery in demand in the second …

( read original story …)



Posted on January 7, 2021

Oil tops $50 as Saudi Arabia steps up

OPEC+ unity and bad behavior by Iran conspired to drive West Texas Intermediate oil prices back above $50 a barrel today for the first time since February. In a twist, Saudi Arabia is making a move …

( read original story …)



Posted on January 7, 2021

Oil tops $50 as Saudi Arabia steps up

OPEC+ unity and bad behavior by Iran conspired to drive West Texas Intermediate oil prices back above $50 a barrel today for the first time since February. In a twist, Saudi Arabia is making a move …

( read original story …)



Posted on January 7, 2021

Qatar says deal to end Gulf crisis will not change its ties with Iran

Qatar will not alter its relations with Iran and Turkey in a sign that it has made few concessions after securing a deal with Saudi Arabia and its allies to end a bitter dispute between the rival Gulf …

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