Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia’s pledge to make voluntary cuts to its output continued to buoy the mood in the market though …
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.
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 …
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” …
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 …
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 …
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 …
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 …
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 …
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 …