Saudi Arabia has likely pulled in an extra $30 million a day in oil revenue, or about $2.6 billion over the past quarter.
"The odds are higher than the market is currently discounting that the Saudis will take their foot off the brake sooner." ...
Brent crude is climbing toward $100 a barrel after the two OPEC+ nations made a risky choice to slice their production.
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Saudi Arabia will extend its voluntary 1 million bpd crude ...
FILE - A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through ...
Saudi Arabia and Russia on Tuesday deepened their oil supply cuts, announcing an agreement to continue scaling back production by 1 million barrels per day through the end of 2023. The voluntary ...
Saudi Arabia and Russia, announced on Tuesday their plan to extend existing output cuts until the end of 2023, with possible monthly revisions. OPEC group’s swing producer Saudi Arabia said it ...
Extensions come despite oil rally, fresh blow to Biden Riyadh extends 1 mln bpd cuts to end-2023 Moscow extends 300,000 bpd cuts to year-end Both to review cuts monthly, may deepen or boost DUBAI ...
Saudi, Russia to dictate prices over the next 3 months - analyst US shale, Iran and Venezuela oil production to ease ...
Crude oil prices on Tuesday jumped as much as 2.7% to the highest since November after Saudi Arabia and Russia said they’re extending their voluntary production cuts through the end of the year.
Saudi Arabia and Russia on Tuesday deepened their oil supply cuts, announcing an agreement to continue scaling back production by 1 million barrels per day through the end of 2023. The voluntary ...
FILE - A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through ...
