Saudi Arabia Pushing for $70 Crude Oil

$OIL, $USO Saudi Arabia’s budget needs are causing Saudi Arabia to push for Crude Oil prices of at least $70 bbl this year, industry sources say, even though US Shale Oil prod.....»»

Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market......»»

De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week......»»

WTI has extended gains, pushing back above $54, following last night's surprise crude draw reported by API and Saudi Arabia pledged to deepen production cuts. The world’s biggest crude exporter will continue to.....»»

Oil prices were swinging into focus to start the week as tensions heated up between Saudi Arabia and Yemen......»»

Oil prices shot more than 2% higher Sunday, after Saudi Arabia and Yemen rebels traded airstrikes......»»

Oil futures rise Friday, with prices up by roughly 8% for the week in large part to Saudi Arabia's recent decision to unilaterally cut crude output......»»

Saudi Arabia and Russia deadlocked Monday over whether their producers’ alliance should boost crude output amid a resurgent pandemic, delegates said after a day of talks ended without a deal......»»

Saudi Arabia is a growing threat to grab oil-market share from Alaska......»»

Oil futures end lower on Monday, as a slump in demand for crude outweighed support from a move by Saudi Arabia to further cut production in June......»»

Oil futures trade lower on Monday, as a slump in demand for crude outweighed support from a move by Saudi Arabia to further cut production in June......»»

Crude-oil futures on Thursday climb, with U.S. benchmark prices up nearly 4%, finding support from Saudi Arabia’s decision to lift prices to help stabilize values, while China’s appetite for the commodity picked up in April compared with prior months......»»

Crude-oil futures on Thursday climb sharply, at least partly supported by Saudi Arabia’s decision to lift prices to help stabilize values, while China’s appetite for the commodity picked up in April compared with prior months......»»

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......»»

Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom, shipping and trade sources say......»»

Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Kingdom, shipping and trade sources say......»»

It's not even Wednesday and it's fair to say oil futures and the related exchange traded products are having wild weeks. At this writing Tuesday, the popular United States Oil Fund (NYSE: USO) is lower by almost 30%. read more.....»»

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

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......»»

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......»»