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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 OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
Saudi Arabia experienced a substantial $15.6 billion budget deficit in the first quarter of 2025, even before the recent ...
Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to ...
U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, ...
Meanwhile, oil bulls are throwing in the towel. Standard Chartered slashed its 2025 Brent forecast by $16 to $61/bbl, citing ...
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Oil Prices Decline After Saudi-led OPEC+ Agrees To Lift Output, Analysts Raise Oversupply AlarmsCrude oil prices fell on Monday, dragged by growing oversupply concerns as the OPEC+ oil producer group agreed to boost output in June. On Saturday, the Organization of the Petroleum Exporting ...
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