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Saudi Arabia can control oil supply. Demand could be its Achilles heel
Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but worsening global economic conditions mean the kingdom's standard playbook might be less effective this time around.
The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...
Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...
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Saudi Arabia’s 11.1 M Daily Barrels Underwrite a $74.8 B War Chest—That’s About $18 of Defense Muscle for Every Barrel It Pumps in a YearIt’s no secret that countries with outsized oil production maintain an advantage over other countries. This typically ...
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...
Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to ...
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Saudi Arabia strikes Russia where it hurtsSaudi Arabia has dealt a fresh blow to Russia’s already struggling economy as OPEC+ announced a new increase in oil ...
Meanwhile, oil bulls are throwing in the towel. Standard Chartered slashed its 2025 Brent forecast by $16 to $61/bbl, citing ...
BlackRock Inc.’s Chief Executive Officer Larry Fink, Citigroup Inc.’s Jane Fraser and top bosses of American tech firms will ...
Saudi Arabia's non-oil private sector activity expansion slowed in April as growth in new orders decelerated sharply, even as ...
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