Saudi Arabia cuts its October oil prices to Asia

Saudi Arabia, the world's top oil exporter, cut the official selling price for the Arab Light crude it sells to Asia a day after OPEC+ producers agreed to raise output. The kingdom set the October ... Read More

What’s The Real Reason Behind OPEC+’s Surprise Oil Production Boost?

OPEC+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. Read More

Saudi Arabia, MBS are far from ending their reliance on oil

About ten years ago, Crown Prince Mohammed bin Salman claimed Saudi Arabia’s economy could survive without oil by 2020. Today, key indicators show the kingdom remains heavily reliant on petrodollars. Read More

Crude Oil Prices Plunge on Report Saudi Arabia Wants to Speed Up Production Hikes

October WTI crude oil (CLV25) on Friday closed down -1.61 (-2.54%), and October RBOB gasoline (RBV25) closed down -0.0453 (-2.25%). Crude oil and gasoline prices on Friday fell sharply due to a report ... Read More

Saudi Arabia to cut oil prices for Asia as OPEC+ sticks with output hike

Saudi Arabia is slashing crude prices again, this time across all grades headed to Asia, and it’s happening quite fast. Saudi Aramco, the kingdom’s state oil ... Read More

Saudi Arabia Wants OPEC+ to Speed Up Next Oil Supply Boost

OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the ... Read More

Saudi Arabia Cuts Asia Oil Prices

Saudi Arabia cut its October crude oil prices to Asia by more than expected, reflecting uncertainty over Chinese demand and the impact of electric vehicles. Read More