News
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 ...
State-owned oil giant Saudi Arabian Oil Co., known as Aramco, set its official selling price for June loadings of Arab Light to Asia at $1.40 a barrel over the Oman/Dubai average, from $1.20 a barrel ...
U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, ...
A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic ...
Wall Street banks have sharply downgraded oil price forecasts for 2025 and 2026 after OPEC+ unexpectedly accelerated ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback