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 …
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 …
From embargo to embrace, Saudi Arabia pushes Gulf detente
Embracing Qatar’s ruler, Saudi Arabia’s Crown Prince pushed a deal to end a row with Doha at a Gulf summit on Tuesday to try to strengthen an Arab alliance against Iran, although a final declaration …
Saudi Arabia Shoulders Oil Output Cuts as Economic Outlook Dims
Saudi Arabia Shoulders Oil Output Cut… Here is today’s Foreign Policy brief: Saudi Arabia leads OPEC+ oil production cuts, Democrats appear poised for victory in both Georgia Senate runoff races, …
Oil rises to 11-month high after Saudi Arabia pledges unilateral output cut
Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S.
Qatar and Saudi Arabia: A Gift of a Different Sort, Maybe | Opinion
In its early stage, and especially if properly appreciated and managed, Saudi/Qatari rapprochement is a gift from the outgoing administration to the incoming one.
Oil Refiners Reel From Saudi Pledged Cuts Even as Demand Eases
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 even as they planned for maintenance that will trim demand.