US government ramps up its gas price forecast. Blame OPEC and Saudi Arabia
Forecasters at the US Energy Department on Tuesday ramped up their forecasts for American oil and gasoline prices next year, citing new steps by Saudi Arabia and OPEC+ to restrain the supply of oil.
2023-06-07 02:54
Surprise Saudi Move Leaves Asian Buyers Exploring More Russian, African Oil
Some Asian refiners are considering buying more crude from Russia and Africa after Saudi Arabia surprised the market
2023-06-07 01:49
Donald Trump Correctly Predicted the LIV - PGA Merger Last Year
Donald Trump said the PGA would be disloyal.
2023-06-06 23:24
Real Madrid’s Karim Benzema to Receive Reported $300 Million for Saudi Move
Saudi Arabia’s $700 billion wealth fund and state oil firm Aramco are set to take control of several
2023-06-06 14:15
US Shale Seen Holding Firm on Returns Even as Saudis Cut Supply
US shale producers will stick to their previously announced plans for 2023 — growing output modestly while returning
2023-06-06 06:48
PIF’s AviLease Nears Deal for Standared Chartered Jet Leasing Arm
AviLease, a jet lessor owned by Saudi Arabia’s Public Investment Fund, is in advanced talks to acquire an
2023-06-05 23:25
Saudi Arabia needs more than higher oil prices to fund its grand plans
Riyadh knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.
2023-06-05 22:22
European Natural Gas Prices Jump as LNG Market Shows Signs of Tightening
European gas futures jumped 20%, the biggest jump since March amid signs of a tighter liquefied natural gas
2023-06-05 21:15
Opec: What is it and what is happening to oil prices?
Saudi Arabia is cutting output by one million barrels a day, and Opec+ is keeping past cuts in place
2023-06-05 18:50
Here’s What Morgan Stanley to Goldman Say About Saudi Output Cut
Saudi Arabia pledged an additional production cut in July to stabilize the oil market, ceding ground to two
2023-06-05 10:58
Australia’s Rate Outlook in the Air as Inflation Still Untamed
Economists and money markets are divided over which way Australia’s central bank will move Tuesday as lingering price
2023-06-05 04:56
Saudis Shoulder Burden of Stabilizing Oil Market With Extra Cuts
Saudi Arabia said it will make an extra 1 million barrel-a-day production cut in July, taking its production
2023-06-05 03:25