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Saudi Arabia shifts away from $100 target
Oil ends at 2-week low after report Saudi Arabia to scrap price target, boost output
Oil futures on Thursday ended at their lowest in about two weeks, 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.
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 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
Petrol prices to drop as Saudi Arabia prepares to flood oil market
Drivers are poised to benefit from lower prices at the pump as the world’s biggest oil exporting nation prepares to ramp up output.
Saudi Arabia Scraps $100 Oil Price Target to Boost Market Share
Saudi Arabia is abandoning its $100 oil price target and plans to increase oil production to regain market share, even at the expense of short-term revenue.
Crude Oil tests pivotal support on plunge after Saudi Arabia gives up $100 target
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 ditches $100 crude target to win back market share
Saudi Arabia’s move comes as oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers like the US.
Oil prices keep dropping: Saudi Arabia shifts away from $100 target as it aims to reclaim market dominance
Oil prices are back in the spotlight, perhaps for not the best reasons. Saudi Arabia, the world’s largest crude oil exporter, is set to increase production in December, abandoning its previously pursued $100 per barrel price target.
Newsweek on MSN
1d
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.
Crude Oil Prices
8d
Saudi Arabia’s Crude Oil Exports Slumped to an 11-Month Low in July
Saudi Arabia's crude oil exports declined in July due to increased domestic consumption during the summer months, despite a ...
Reuters
9d
Saudi Arabia's crude oil exports in July hit almost one-year low
Sept 19 (Reuters) -
Saudi
Arabia's
crude
oil
exports in July fell to their lowest level in ... figures to JODI which ...
Yahoo Finance
1d
Oil falls more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Oil
prices sank more than 2% on Thursday after the Financial Times reported
Saudi
Arabia is determined to start ... said ...
FXEmpire.com
3h
Oil News: Is Bearish Momentum Set to Drive Crude Prices Below $68.04?
Last week, Light
Crude
Oil
futures settled at $68.18, down $2.82 or -3.97%. A key factor behind the
price
drop was ...
13h
on MSN
U.S. stock market ends week higher despite the chill; Asia rallies on stimulus
China stocks closed out their best week since 2008 as the country's central bank cut its reserve requirement for banks.
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