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Oil prices surge after Trump says he expects Saudi Arabia and Russia to end their price war and reach a deal

Evan Vucci/AP Oil prices surged by about 10% on Thursday after U.S. President Donald Trump said he called on Saudi Arabia and Russia to reach a deal to end their price war and mitigate a price collapse. Trump spok.....»»

Category: topSource: businessinsiderApr 2nd, 2020

Trump says expects Russia-Saudi oil deal soon, invites US oil chiefs to White House

U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia......»»

Category: topSource: reutersApr 2nd, 2020

Trump says he expects Saudi-Russia oil production deal in coming days

U.S. President Donald Trump said on Wednesday he expected Saudi Arabia and Russia to reach a deal in the next few days on oil production to end a price war that has "ravaged" the oil industry worldwide......»»

Category: topSource: reutersApr 1st, 2020

Trump says expects Russia-Saudi oil deal soon, invites U.S. oil chiefs to White House

U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia......»»

Category: topSource: reutersApr 1st, 2020

Oil steady as OPEC Saudi minister urges production caution

At OPEC's meeting Saudi Arabia energy minister maintains cautious stance on oil production levels......»»

Category: topSource: foxnewsApr 1st, 2021

The Real Price of Saudi Arabia’s Surprise Oil Cuts

Higher prices and other savings will help offset the cost of output cuts......»»

Category: topSource: washpostJan 8th, 2021

Oil steady after US Capitol drama; tighter supplies in focus

Investors focusing on the likelihood of tighter supplies after Saudi Arabia unilaterally agreed to cut output......»»

Category: topSource: foxnewsJan 7th, 2021

Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk

Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk Tyler Durden Wed, 05/13/2020 - 18:45 .....»»

Category: blogSource: zerohedgeMay 13th, 2020

Oil falls on fears of second coronavirus wave

Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses......»»

Category: topSource: reutersMay 11th, 2020

US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse

US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse Petrodollar panic? As tensions between OPEC (cough - the Saudis - cough) and Washington rise over the supply (and price) of oil glob.....»»

Category: blogSource: zerohedgeMay 7th, 2020

Oil Surges After Saudis Slash Price Discounts In Bid To Prop Up Market

Oil Surges After Saudis Slash Price Discounts In Bid To Prop Up Market After slumping much of yesterday, Brent soared on Thursday morning, after Saudi Arabia stepped in to prop up the recovery in the energ.....»»

Category: blogSource: zerohedgeMay 7th, 2020

Moody"s cuts Saudi Arabia"s credit outlook to negative, cites oil-price shock driven by coronavirus

G20 Argentina via AP Moody's downgraded Saudi Arabia's sovereign outlook to negative from stable on Friday, citing increased downside risks to the kingdom's fiscal strength from the oil rout.  "The government's balance sheet ha.....»»

Category: topSource: businessinsiderMay 4th, 2020

Trump gave Saudi Arabia an ultimatum to cut oil supply or lose US military support

REUTERS/Kevin Lamarque/File Photo US President Donald Trump gave Saudi Crown Prince Mohammed bin Salman an ultimatum to end its oil price war with Russia — cut oil prices or lose US military support. Earlier this month, Trump told bin Salman th.....»»

Category: topSource: businessinsiderMay 1st, 2020

Oil prices rally as producers tackle supply glut

Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply......»»

Category: topSource: foxnewsApr 30th, 2020

Oil surges on Middle East tensions, output cuts

The oil market has come under siege this year as ballooning supplies exacerbated by the price war between Russia and Saudi Arabia hit the market at the same time that government responses to COVID-19 has destroyed demand......»»

Category: topSource: foxnewsApr 23rd, 2020

Market Extra: What’s next for oil after prices go negative? Saudis, other producers expected to do more to curb supply

Looks like that price war worked a little too well. While it was the U.S. benchmark that collapsed into negative territory for the first time ever on Monday, Saudi Arabia and other major oil-producing countries are.....»»

Category: topSource: marketwatchApr 21st, 2020

Oil falls after Saudi Arabia, Russia end price war with historic deal

WTI crude oil fell after the historic agreement......»»

Category: topSource: foxnewsApr 13th, 2020

Futures Movers: Oil higher in choppy trade after historic deal to cut output and end price war

Crude prices trade higher Monday in choppy price action, a day after major oil producers reached a historic agreement to cut oil production, ending a damaging price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchApr 13th, 2020

Market Snapshot: Stock-index futures lower as investors prepare for coronavirus-damaged earnings season

Stock-index futures quickly give up early gains Sunday evening, as oil gained following a historic agreement by major producers to curb production, ending a price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchApr 13th, 2020

Futures Movers: Crude prices turn lower as Goldman Sachs sees downside risks to oil after historic deal to cut output

Crude prices fell Monday, a day after major oil producers reached a historic agreement to cut oil production, ending a damaging price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchApr 13th, 2020