Saudi Arabia shifts away from $100 target
Saudi Arabia ready to abandon $100 crude target to take back market share
Simply sign up to the Oil myFT Digest -- delivered directly to your inbox. Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in a sign that the kingdom is resigned to a period of ...
Oil prices drop following Saudi Arabia raising crude output: Report
Oil prices fell Thursday morning, just hours after a new report revealed Saudi Arabia, the world’s largest crude exporter, is considering increasing production later this year. The move comes just weeks after the nation and eight other members of OPEC+ agreed to temporarily pause oil output hikes,
Oil prices fall after report Saudi Arabia to scrap price target, boost output
Oil futures fell on Thursday, pressured after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.
Saudi Arabia to drop $100 crude target to win back market share, FT reports
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, the Financial Times reported on Thursday, citing people familiar with the matter.
Petrol prices to drop as Saudi Arabia prepares to flood oil market
Drivers are poised to benefit from lower prices at the pump as the world’s biggest oil exporting nation prepares to ramp up output.
Oil prices keep dropping: Saudi Arabia shifts away from $100 target as it aims to reclaim market dominance
Oil prices are back in the spotlight, perhaps for not the best reasons. Saudi Arabia, the world’s largest crude oil exporter, is set to increase production in December, abandoning its previously pursued $100 per barrel price target.
Why oil prices have plunged 3% today
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...
Oil prices turn sharply lower on reports Saudi Arabia set to raise output
Crude oil prices fall as OPEC+ plans production hike, Saudi Arabia to raise output, while Libya and China developments impact ...
Oil prices fall over 2% on prospects Saudi Arabia to raise output
Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world's biggest crude exporter, will give ...
Oil Prices Fall as Expectations of Higher Supplies Hammer Market Sentiment
Separately, the Organization of Petroleum Exporting Countries (OPEC), and its allies, a group known as OPEC+, are currently ...
Oil Prices Retreat Toward Three-Year Lows...Again
Oil prices turned sharply lower Thursday, on waning hope that supply cuts from the OPEC+ cartel and Chinese economic stimulus ...
Crude prices fall, pulling back from highest levels in more than a year
Oil prices surged to their highest level in over a year after crude stocks at a key storage hub fell to their lowest since ...
Blow to Putin's War Machine As Saudi Arabia Ramps Up Oil Production
Saudi Arabia is prepared to abandon its $100-a-barrel crude oil price target as it moves to increase output, signaling its ...