Saudi

SlavkoSereda/iStock via Getty Images Crude Oil fell more than 2% on Tuesday, as the market quickly gave up its modest gains on Monday and discounted any meaningful supply risks related to the chaotic weekend events in Russia. Russian…

I had headlines on Monday:The comments came from Amin Nasser, CEO of the giant Saudi oil company:“Overall, we believe that the fundamentals of the oil market remain broadly healthy for the rest of the year.” “Despite risks of recession…

This week, OPEC+ (the 13 members of the Organization of the Petroleum Exporting Countries and 11 other non-OPEC countries) announced that it had decided to stick to its planned production for the rest of 2023, after…

© Reuters. The Airbus logo is seen at the entrance to its plant in Blagnac near Toulouse, France, July 2, 2020. (Reuters)/Benoit Tessier/File Photo DUBAI (Reuters) - Fawaz Al-Aqeel, CEO of SCOPA, told Saudi state television on Monday…

SlavkoSereda/iStock via Getty Images Crude oil closed higher on Monday but gave up almost all of its early healthy gains, as production cuts in Saudi Arabia alone - allowing Russia and the rest of OPEC+ to continue pumping freely - only…

Canadian dollar, USD/CAD, OPEC cuts? Technical Analysis - Asia Pacific Briefing:Canadian dollar weakens though Saudi Arabia oil production cutsThe broader OPEC+ coordination failure closed the gap on WTIGlobal slowdown growth may…

Saudi Arabia will cut oil production by 1 million barrels per day in a bid to prop up oil prices, it announced after a pessimistic meeting of the OPEC+ group of producers in Vienna on Sunday.The kingdom's energy minister, Prince…

Adam walked out of the OPEC+ meeting as it happened:This was followed by Goldman Sachs' response. Net, GS sees the cut as $6 per barrel above the price: Additional Saudi cuts are worth +1-6$ per barrel in fundamentals, depending on…

Professor Ashok Soin of the Department of Peace and Conflict Research at Uppsala University says that Saudi Arabia's accession to the BRICS economic bloc "would accelerate bilateral trade conducted using the yuan as a business…

breadcrumb links PMN Business Sinopec and TotalEnergies SE are among the companies in talks to invest in developing Al-Jafurah in Saudi Arabia, according to people familiar with the matter, as the kingdom seeks to exploit…