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.
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,
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.
Saudi Arabia ready to abandon $100 crude target to take back market share
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 lower oil prices, according to people familiar with the country’s thinking.
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.
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DC Edit | Saudi output up, oil prices to dip
In a bold move, Saudi Arabia has decided to increase its oil production despite the potential for a global oversupply. This ...
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 ...
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 ...
Saudi Arabia apparently intends to increase oil production – Commerzbank
As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel allowing it to increase oil production.
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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.