-
The Market Is Well Supplied - So Why Is Saudi Arabia Raising Oil Prices?
07 May 2025 04:00 GMT
… in May, throwing the oil market in disarray after curbing … cuts began. Kazakhstan really annoyed Riyadh, per that story, by not … around the logic guiding OPEC+, oil prices have rebounded because lower … as crude oil. Brent is back above $60 per barrel, and WTI …
-
Saudi Arabia can control oil supply, demand could be its Achilles heel, says Bousso
06 May 2025 17:33 GMT
… to add 411,000 barrels per day of oil in June means … 16 price war largely achieved Riyadh’s goals, reducing global supplies … volatility and threaten to undermine Riyadh’s longstanding control of the … , according to Reuters.
But Riyadh would likely have to make …
-
Oil Prices Surge as Market Shrugs Off OPEC Quota Shock
06 May 2025 14:55 GMT
Oil prices staged a robust comeback … into its high-consumption summer. Riyadh can’t afford to be … fire on Monday, claiming lower oil prices put the U.S …
-
Trump and Wall Street’s top execs flying to Saudi next week to talk oil and gas
06 May 2025 11:46 GMT
… both travel with Trump to Riyadh for the Saudi-US … The Saudis needed oil at $93 a barrel to break even last … term security guarantees.
Officials in Riyadh are positioning the kingdom to … American firms coming to the Riyadh forum already have deep connections …
-
OPEC+ Agrees to Boost Oil Output, Threatening Russia’s Income Stream
06 May 2025 01:19 GMT
… weekend. Oil prices immediately dropped by over $2.00 per barrel, … need around US$90 per barrel to balance their fiscal … Patterson noted. Oil was trading at $57 per barrel on Monday.
The … prices by increasing production and Riyadh looked far more favorably …
-
OPEC Oil Slumps in April Despite Plans to Raise Output
06 May 2025 00:09 GMT
… from the the oil cartel shrank by 200,000 barrels a day … to the survey. Riyadh added just 20,000 barrels a day, pumping … Riyadh may also have been heeding pressure from Trump to lower oil … prices.
Oil traders were bracing for …
-
Oil Prices Sink After OPEC+ Agrees to Boost Produc
05 May 2025 23:27 GMT
… cutting an additional [1 million barrels per day] at some … Arabia needs approximately $90 a barrel to balance the budget, … trade amid increased supply."
Riyadh will need to either cut … , Brent crude oil prices will average $65 per barrel this year, …
-
Saudi Arabia’s New Oil Play – Embracing the Glut to Win the Long Game
05 May 2025 22:22 GMT
… Russia—announced a 411,000 barrels per day (bpd) output … a deeper shift in Riyadh’s approach to oil markets. Rather than … looks bold—even reckless. But Riyadh may be betting that short … an already oversupplied market.
Meanwhile, oil bulls are throwing in the …
-
Trump: Low Oil Prices Put U.S. In Good Negotiating Position With Russia
05 May 2025 22:22 GMT
… to settle with Russia as oil prices are down,” President … The move tanked already low oil prices and left traders scratching … war. By leaning on Riyadh to boost production—despite already … reminder that Riyadh is more than willing to weaponize oil when …
-
Oil’s old guard faces reckoning as Shell eyes BP in potential mega-merger and ‘net-zero’ casualty
05 May 2025 21:41 GMT
… in flux.
Before the 1973 oil crisis, those seven supermajors controlled … in the oil world order may be written not in Riyadh, Washington …