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Saudi Arabia shifts away from $100 target
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 ready to abandon $100 crude target to take back market share
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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 report Saudi Arabia will raise crude output
Prices of oil continue to drop after a new report revealed Saudi Arabia is considering increasing production later this year.
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.
Saudi Arabia Scraps $100 Oil Price Target to Boost Market Share
Saudi Arabia is abandoning its $100 oil price target and plans to increase oil production to regain market share, even at the expense of short-term revenue.
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.
Crude oil prices today
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 much as 4% on Thursday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview
Crude oil prices today: WTI is trading at $67.30
WTI futures traded at $67.30 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 8.36%. Brent futures traded at $70.78/bbl, a drop of 0.84% in the last 24 hours. Year to date, Brent prices are down by 10.
Oil prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
1d
on MSN
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 ...
1d
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 ...
Newsweek on MSN
1d
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.
This is Money on MSN
20h
Oil plunges after Saudi Arabia abandons target to push price up to $100 a barrel
Oil
prices
dipped sharply yesterday as
Saudi
Arabia
reportedly abandoned its target to push them up to $100 a barrel.
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