Opec + may suspend production this week, ending months of supply recovery. Traders expect countries such as Saudi Arabia to wait and see, but may be forced to cut production next year if the glut worsens. Click to view...
Saudi Arabia set the official sale price of Arab light crude oil to Asia in August at $2.20 per barrel above the average Oman/Dubai price.
Saudi Arabia is unwilling to further cut production to support oil prices. After the oil market plunged, the monthly line fell below the convergence triangle, and the downside may have been opened. Pay attention to these points of the OPEC + meeting.
Saudi officials are briefing allies and industry experts that the kingdom is unwilling to make further supply cuts to prop up the oil market and can cope with a prolonged period of low prices, five people familiar with the matter said. The possible shift in Saudi policy could indicate that the kingdom is moving in the direction of increasing production and gaining market share, a major change in the five years Saudi Arabia, the leader of the OPEC + group of producers, has balanced the market by ...
Saudi Arabia set the official price of Arab light crude oil to Asia in May at $1.20 premium to the average Oman/Dubai price.
On March 19, Russian Presidential Press Secretary Peskov said on the 19th that the possibility of a meeting between Russian President Vladimir Putin and US President Trump in Saudi Arabia cannot be ruled out.
The first round of talks between Ukraine and U.S. officials in Jeddah, Saudi Arabia, has ended.
Ukrainian President Zelensky said he cancelled his visit to Saudi Arabia.
Or in protest, Zelensky postponed a visit to Saudi Arabia and insisted that Ukraine would not give up its territory just to get applause. Click to view...
According to AFP, Ukrainian President Zelensky will visit Saudi Arabia on Wednesday.