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Saudi Arabia Tightens Grip on OPEC+ by Pushing Through Oil Surge
When Prince Abdulaziz bin Salman was appointed Saudi Arabia’s energy minister six years ago, he vowed to heed even the smallest of OPEC+ nations. But at the cartel’s meeting this weekend, even the most powerful members couldn’t block Riyadh’s designs.
Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...
Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...
Big moves, if not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. The cartel, ...
Khaleej Times on MSN2d
Opec+ move to raise output a key pivot for oil marketsBy boosting supply in a market already grappling with sluggish demand, the move is likely to keep oil prices lower for an ...
Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...
Some of the eight countries involved are overproducing their quotas, meaning that the ultimate increase in Opec+ output may ...
Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.
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