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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.
Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...
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, ...
Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...
Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...
Big moves, if not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. The cartel, ...
Al-Monitor on MSN9d
OPEC+ meets as oil output hike loomsMinisters of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms ...
Despite oil trading low at $60, OPEC+ this week is expected to continue to further open the taps. This follows pressure from ...
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