Saudis Vs Oil Markets: Who's Playing Whom?

Oil prices have fallen by over 20% in the last couple of months. Brent is currently trading $30 below its summer spike to $115 per barrel and many are left wondering what the Saudis are playing at. Based on conventional wisdom, past moves and motives, Saudi Arabia should lower production [...]

Topics:  saudis   saudi arabia   oil   playing   
BING NEWS:
  • Saudi Arabia Eyes a Future Beyond Oil
    The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
    05/28/2024 - 5:01 pm | View Link
  • Oil rises as major producers expected to keep output cuts in place
    Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak ...
    05/28/2024 - 12:49 pm | View Link
  • WTI Crude Hits $80, Notches Best Day In Over 2 Months: 'Peak Oil Demand Still A Decade Away'
    Oil prices surge on anticipation of increased demand and ongoing supply constraints. Goldman Sachs projects continued demand growth until 2034.
    05/28/2024 - 10:55 am | View Link
  • Brent oil ends at May high as investors await weekend OPEC+ meeting
    Oil futures finish higher Tuesday, with most traders expecting the Organization of the Petroleum Exporting Countries and its Russia-led allies to roll ...
    05/28/2024 - 8:39 am | View Link
  • Oil up on OPEC+ meeting, summer driving season and weaker US dollar
    Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong U.S. summer fuel demand balanced concern about higher-for-longer U ...
    05/28/2024 - 7:21 am | View Link
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