Aramco halts plans to boost crude output to 13 million bpd
Raises questions about future crude demand
Tag: Saudi Arabia
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Riyadh continues to push for higher crude oil market prices
Saudi Arabia requires US$80.90 per barrel oil if it is to meet its budgetary needs
Riyadh’s campaign for lower OPEC+ output clashes with Russia’s needs
Analysts doubt Russia’s appetite for additional production cuts
The future price of crude oil still uncertain
International Energy Agency (IEA) is warning of higher oil prices in the second half of the year, but …
OPEC+ decision to cut output sends a political message to Washington
Riyadh is no longer willing to toe Washington’s line and its interests now reign supreme
China–brokered deal between Iran and Saudi Arabia catches world by surprise
A new crude oil bloc seems to be taking shape, apparently at the cost to the U.S. and the West
United Arab Emirates considering quitting OPEC
It would be a crippling blow to the influence of the organization on the global oil markets
Has the Saudi/Russia relationship reached its limits?
Saudi Arabia is feeling the pressure, but the prospect of a ‘crude’ divorce between Moscow and Riyadh seems premature
Saudi Arabia looking for a new security blanket?
U.S. commitment to Saudi security is waning, opening the doors to China
U.S., Saudi Arabia in a battle to control oil market
And that will have consequences for the rest of the world