Saudi Arabia shifts away from $100 target
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.
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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
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.
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.
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