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Saudi Arabia shifts away from $100 target
LIVE
Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened
Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output
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.
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 ends at 2-week low after report Saudi Arabia to scrap price target, boost output
Oil futures fell on Thursday, 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 keep dropping: Saudi Arabia shifts away from $100 target as it aims to reclaim market dominance
Saudi Arabia's upcoming oil production increase is set to push prices down further, signalling a shift from its $100 per barrel target to focus on market share. Global oil markets brace for change.
10h
Saudi Arabia's MC4 to raise $229 mln after IPO priced at top of range
Saudi Arabia's Fourth Milling Company (MC4) said on Thursday it is set to raise $229 million from an initial public offering ...
4h
Oil tanks more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Crude drops more than 2% on reports that Saudi Arabia is ready to let more barrels flow into the market even if prices fall.
Newsweek on MSN
6h
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.
Crowdfund Insider
8h
Israel and Saudi Arabia Demonstrate Strong Interest in Altcoins – Chainalysis Bitcoin and Crypto Adoption Report
Notably,
Saudi
Arabia
and the UAE demonstrate “high interest in decentralized platforms.” The research report from ...
8h
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 ...
cnbctv18
16h
Stop sending beggars under Umrah visas: Saudi Arabia warns Pakistan
Saudi Arabia has expressed serious concerns over the influx of Pakistani beggars arriving in the Kingdom, under the pretext ...
Upstream
19h
Saudi Aramco gets ball rolling on $1 billion strategic oil and gas expansion project
The expansion of the Haradh GOSP-3 facility, located in Saudi Arabia’s Eastern Province, would boost the plant's oil ...
الشرق الأوسط
16h
Saudi Arabia Calls for ‘Reliable’ Path to the Establishment of Independent Palestinian State
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah participated on Wednesday in the second meeting of ...
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