OPEC, Saudi Arabia
OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50
OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if OPEC+ members do not stick to agreed-upon production limits.
OPEC objects to report about Saudi minister’s warning about production cuts
Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed production cuts.
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Saudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. Prince Abdulaziz bin Salman's forecast, made during a conference call last week,
Saudi minister said to warn of $50 oil as OPEC members flout production curbs
Crude oil futures ended with small gains. Saudi Arabia oil minister reportedly warned OPEC members that oil could drop to $50/bbl if cheaters failed to comply with agreed production cuts.
OPEC dismisses report of crude oil price dropping to $50 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) has refuted a report suggesting that crude oil prices could drop to
Just a Bluff or the real stuff? Saudi Arabia Threatens Oil Price Drop to $50 per barrel.
Saudi Arabia is reportedly threatening to lower oil prices to $50 a barrel, a significant drop from the current price, which is about $70. Why? They’re worried about a potential price war with other OPEC nations and aim to maintain control over global oil prices.
Title: Saudi Arabia Warns of Potential $50 Oil Price Amid OPEC+ Production Overages
Saudi Arabias oil minister has issued a warning that oil prices could fall to $50 a barrel if certain OPEC+ members continue to exceed their agreed production limits, as reported by delegates referenced in The Wall
Saudi Prince warns of $50 oil: Opec discord and price war threat
The Saudi energy minister warned that oil prices could drop to $50 per barrel if OPEC members continue to exceed their agreed-upon production limits. According to The Wall Street Journal, other OPEC members interpreted this as a veiled threat to initiate a price war.
Saudi minister's warning ignites fears of falling oil prices
The Saudi Energy Minister has warned that oil prices could fall to £40 per barrel if OPEC members continue to exceed their agreed production limits. According to The Wall Street Journal, other OPEC members saw these statements as a veiled threat to initiate a price war.
OPEC oil output drops in September on Libyan outage, Reuters survey finds
OPEC oil output fell in September to its lowest this year, a Reuters survey found on Thursday, as unrest disrupted Libyan ...
TradeWinds1d
Opec decision to focus on market share tipped to create six-figure VLCC frenzy
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Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.
OPEC’s Crude Output Fell Sharply in September on Libyan Disruption
OPEC’s crude production declined sharply last month after a political crisis slashed supplies from Libya. Output from the Organization of Petroleum Exporting Countries slumped by 480,000 barrels a day ...
Nairametrics4h
Nigeria’s crude oil production declines by 40,000 bpd as OPEC’s output drops in September – Report
Nigeria continues to struggle to meet its OPEC’s quota as its crude oil production fell by 40,000 barrels per day ...
OPEC sticks to output policy as Iraq, Kazakhstan, and Russia pledge to offset overproduction
Even as geopolitical tensions mount, a panel meeting of OPEC on Wednesday maintained status quo on the cartel’s oil output ...
OPEC Secretary-General’s Speech in Brazil Disrupted by Protester
Ghais’s speech in Brazil got off to a rough start after the power went out to the podium and a protester took to the stage.
Oil forecasts cut for 5th straight month on demand, OPEC uncertainty
Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over ...