the most since July last week, while Libya output is also gaining rapidly. The head of Saudi Aramco’s...
leads to a more fragile demand outlook, and the head of Saudi Aramco’s trading unit said traders...
(Bloomberg) --As OPEC+ began talks on whether to postpone January’s oil-production increase, ministers sounded cautious about the strength of global demand.
Saudi Energy Minister Prince Abdulaziz bin Salman said he could see a light at the end of the tunnel thanks to the development of Covid-19 vaccines, but the market had some way to go before getting there. His counterparts from Algeria...
. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman signaled his dissatisfaction...
and Saudi Arabia.
The revised deal is likely to keep the oil market in deficit throughout the first...
. The deal avoided a breakdown of OPEC+ unity after a tense split between Saudi Arabia and the United...
. The strength in Asian demand led Saudi Arabia to raise oil pricing to the region and has also...
been disrupted as a result of heavy snow.
Other oil-market news:
Saudi Aramco gave full contractual...
.
The 23-nation OPEC+ coalition led by Saudi Arabia and Russia will meet on Jan. 4 to consider whether...
of producers led by Saudi Arabia and Russia.
The 23-nation network has made vast production cutbacks...
at a Saudi Arabian port as a threat to maritime security, in its first official comments...
to its accelerated schedule of monthly meetings, Russia and Saudi Arabia said over the weekend...
will likely be gradual. While oil prices surged above $50 a barrel after Saudi Arabia last week...
(Bloomberg) --Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency.
Futures rose 1.5% to above $53 a barrel, to the highest since February 2020. Prices have climbed in recent days after promises of unilateral output cuts from Saudi Arabia spurred a further rally.
Oil has surged more than 45% since the end of October...
as shale producers focus on improving their finances and Saudi Arabia pledged to cut oil output...