News list for "Saudi Arabia is willing"

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 ...

2025-04-30 15:49:03