Russia and Kazakhstan have won a concession from OPEC to increase production in the coming months at the expense of the Kingdom of Saudi Arabia, …
Saudi Prince Hits a New Year Reset by Making Allies Not Enemies
On a day that Saudi Arabia jolted the oil market with an output cut it called a “gesture of goodwill,” the kingdom’s de-facto ruler took center stage in a mirrored concert hall, ready to resolve a …
Oil Hovers Near 11-Month Highs, Sustained by Saudi Output Cuts Pledge
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 …
Saudi Prince Hits a New Year Reset by Making Allies Not Enemies
On a day that Saudi Arabia jolted the oil market with an output cut it called a “gesture of goodwill,” the kingdom’s de-facto ruler took center stage in a mirrored concert hall, ready to resolve a …
Oil Hovers Near 11-Month Highs, Sustained by Saudi Output Cuts Pledge
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 …