Saudi minister says crude prices could fall 33% if OPEC members …
WEBSaudi Arabia has a history of shaking up the market by increasing production. The OPEC leader caused prices to fall below $10 per barrel in 1986 after boosting output to penalize other producers ...
Exclusive | Saudi Minister Warns of $50 Oil as OPEC+ Members …
WEB2 days ago · The Saudi oil minister has said prices could drop to as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits, according to delegates in the cartel.
OPEC rebuts WSJ article on Saudi saying oil prices could drop to …
WEB2 days ago · OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if ...
Saudi Arabia invites OPEC+ ministers to Riyadh for June 2 meeting ...
WEBMay 31, 2024 · Saudi Arabia has invited OPEC+ oil ministers to Riyadh to hold their June 2 policy meeting to discuss a complex deal that may extend deep oil production cuts into 2025, sources from the producer...
Saudi says OPEC+ can pause or reverse oil output boost, criticises ...
WEBJun 6, 2024 · OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister said on Thursday, adding he disagreed with the bearish view of U.S. bank Goldman Sachs of...
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a ...
WEBSep 6, 2023 · DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
OPEC+ members agree to significant voluntary oil production cuts
WEBNov 30, 2023 · Saudi Arabia, the world’s biggest exporter of crude oil, will lead the effort by extending a voluntary production cut of 1 million barrels per day of oil — previously intended to run till the end...
OPEC Plans a Gradual Unwinding of Production Cuts
WEBJun 2, 2024 · Beginning in October, oil output for eight countries, including Saudi Arabia, the United Arab Emirates and Iraq, may gradually rise in monthly increments through 2025.
Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices
WEBJun 4, 2023 · The group of major oil-producing countries known as OPEC Plus agreed on Sunday to embark on a complex effort to adjust production as it aimed to halt the recent slide in oil prices, including an...
OPEC objects to report about Saudi minister’s warning about …
WEB3 days ago · Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed production cuts. OPEC objects to report about Saudi minister’s ...