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Saudi Arabia Cuts Oil Prices
Saudi Arabia Cuts Oil Prices After OPEC+ Delays Reviving Output
Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the market remains weak.
Oil Steadies as Traders Weigh Saudi Price Cuts, Syrian Upheaval
Oil was steady after a second weekly loss as traders weighed bigger-than-expected cuts by Saudi Arabia to its crude prices for Asia and any fallout from the toppling of the Syrian regime.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long,
What if Opec+ had chosen not to cut oil output two years ago?
Opec+ decided on Thursday to delay undoing its production cuts, yet again. When the group started the additional reductions in October 2022, Brent crude stood at about $93 a barrel, but it closed on Friday at $71.
Oil holds weekly loss as Saudi price cuts signal weak outlook
Oil held a second weekly decline after Saudi Arabia reduced its crude prices for Asia by more than expected, while the market watches for any fallout following the toppling of the Syrian regime. Brent futures traded near $71 a barrel and West Texas Intermediate was above $67.
2h
on MSN
Markets likely to adjust to potential near-term spike in oil prices: Analyst
Tom Kloza of OPIS discusses the bull case for oil prices despite the risks that exist, including potential tariffs from a new ...
3h
Oil edges up as rising Mideast tensions offset demand fears
Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President ...
13h
on MSN
Fall of Syria’s Assad regime ignites debate on oil, gold prices
The overthrow of the Assad family’s 50-year dictatorship in Syria has investors to debate its possible effects on the
price
...
2d
on MSN
The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
Greek Reporter
5h
Greek Olive Oil Prices Expected To Be Lower For 2025
Greek olive oil prices have yet to solidify for 2025, Greek product expected to sell at lower prices because production in ...
Business Times
8h
Crude palm oil prices’ bullish momentum may be tested in volatile market
The benchmark Malaysian crude palm oil (CPO) futures contract has been on a steady rally since mid-September 2024. Prices ...
Nairametrics
15h
Global oil prices drop to $71 as 4th largest production company cuts prices for Asia
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi ...
2d
on MSN
Oil prices end at their lowest in 3 weeks after OPEC+ fails to allay supply worries
The lack of a more positive response in
oil prices
“shows the market is disappointed,” he said. Anticipation of OPEC+’s ...
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