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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...
Market news: Reports say U.S. aircraft took off from a Saudi air base.
Market news: Reports say U.S. aircraft took off from a Saudi air base.
According to The Information, OpenAI has held talks with the Saudi Public Investment Fund and Reliance of India about its $40 billion financing. OpenAI has informed investors that they hope to raise another $17 billion in 2027.
Saudi Arabia has made a major strategic shift and wants to take advantage of the peak demand in the northern hemisphere to increase production. However, OPEC + has now diverged, and the game between Saudi Arabia and Russia will be crucial on July 6. Click to view...
On June 4th, according to people familiar with the matter, Saudi Arabia hopes that OPEC + will continue to accelerate its oil production increase in the coming months, as the kingdom places more emphasis on regaining lost market share. Saudi Arabia, which has an increasingly dominant position in OPEC +, wants the organization to increase production by at least 411,000 barrels per day in August and possibly September, according to people familiar with the matter. Saudi Arabia is eager to lift the...
Market news: Saudi Telecom and Oracle (ORCL. N) signed 2 billion riyal cloud solution agreement.
Musk not only reached a new cooperation with the Saudi government, but also was scheduled to appear before Trump and Saudi Crown Prince Salman spoke, and his company continues to benefit from its special status.
US official: US President Donald Trump will meet with his Syrian counterpart in Saudi Arabia.
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.
