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OPEC, Saudi Arabia and Oil

Reuters on MSN · 2d

Saudi Arabia lowers July oil prices for Asia after OPEC+ supply boost

Saudi Arabia, the world's biggest oil exporter, on Wednesday lowered its July prices for Asian buyers after OPEC+ hiked output for a fourth month although the price cut was smaller than expected.

Seeking Alpha on MSN · 2d

Oil futures fall as Saudi Arabia said to seek more big OPEC output hikes

Crude oil futures turned lower in a volatile session Wednesday, as a Bloomberg report said Saudi Arabia is open to additional significant OPEC+ production hikes after July in a bid for market share. The Saudis want the group to add at least 411K bbl/day in August and potentially September,

Bloomberg · 5d

Saudi Arabia Tightens Grip on OPEC+ by Pushing Through Oil Surge

When Prince Abdulaziz bin Salman was appointed Saudi Arabia’s energy minister six years ago, he vowed to heed even the smallest of OPEC+ nations. But at the cartel’s meeting this weekend, even the most powerful members couldn’t block Riyadh’s designs.

5d

Behind OPEC+ oil output hike, Saudi-Russian tensions simmer

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

3d

Saudi Arabia Wants More Super-Size OPEC+ Hikes

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...

The Economist6d

Will the UAE break OPEC?

Big moves, if not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. The cartel, ...

2d

Oil settles up as U.S., China teams to meet following Trump, Xi trade call

Brent crude futures settled up 48 cents, or 0.7%, at $65.34 a barrel. U.S. West Texas Intermediate crude settled up 52 cents, ...

Texas Standard5d

OPEC+ production hikes could shake up oil prices

Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...

7d

Opec+ to boost oil output for third consecutive month

Some of the eight countries involved are overproducing their quotas, meaning that the ultimate increase in Opec+ output may ...

Al-Monitor on MSN9d

OPEC+ meets as oil output hike looms

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms ...

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