News

Saudi plays short and long game with OPEC+ production gamble
Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...
Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
Gas could get even cheaper this summer. Supachai Panyaviwat/. OPEC+ is boosting oil output, tanking prices as US summer ...
OPEC’s New Supply Shock Locks In Oil Market’s Return to Surplus
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...
OPEC Plus Agrees to Pump More Oil in August
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
OilPrice.com2dOpinion
OPEC Production Increase Misguides Markets
Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...
NBC News4y
Is this the end of OPEC? How Saudi Arabia and UAE infighting threatens the future of the oil alliance - NBC News
Oil producer group OPEC has been plunged into crisis, with bitter infighting between Saudi Arabia and the United Arab Emirates raising questions about the future of the energy alliance.
CNN2y
Saudi Arabia: Senate Foreign Relations member says ‘there’s got to be consequences’ for kingdom after OPEC+ oil production cuts - CNN
Saudi Arabia's Minister of Energy Abdulaziz bin Salman looks on during a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial ...
The New York Times2y
Opinion | Why OPEC Is Cutting Oil Production (and Why There’s Not Much the U.S. Can Do About It) (Published 2022) - The New York Times
American rage followed the Oct. 5 decision by OPEC Plus — 23 oil producers led by Saudi Arabia, which includes Russia — to cut oil production quotas by two million barrels per day starting in ...
Crude Oil Prices9y
Why Did Saudi Arabia Kill OPEC? - OilPrice.com
But Saudi Arabia has gone further to distance itself from OPEC. In April, Saudi Arabia scuttled the production freeze deal in Doha, killing what would have been only a modest agreement that ...
The Business Times3d
Opec’s new supply shock nails on oil market’s return to surplus
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...