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 ends at 2-week low after report Saudi Arabia to scrap price target, boost output
Oil futures on Thursday ended at their lowest in about two weeks, 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 plunge after reports on Saudi Arabia abandoning $100 price target
Financial Times reported on Thursday that Saudi Arabia is ready to abandon its unofficial crude price target of $100 per barrel as it prepares to increase 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 ...
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Oil Prices Dip on Talks of a Middle East Ceasefire
Hopes for a ceasefire in the Middle East, combined with potential Saudi production increases and Libyan export restarts, are ...
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 ...
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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 acceptance of lower prices.
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Oversupply Fears Are Pushing Oil Prices Lower
Oil prices are under pressure after reports that Saudi Arabia may be returning to its strategy of securing market share, sparking oversupply concerns.
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 ...