Saudi Arabia, Oil
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.
Oil prices fall over 2% on prospects Saudi Arabia to raise output
Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world's biggest crude exporter, will give up on its price target in preparation for raising output.
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 market sentiment.
Analyst discusses Saudi Arabia's $100-per-barrel oil price target
Carole Nakhle, founder and director of Crystol Energy, says the oil price target may be more of an "indirect message" from Saudi Arabia, to those who undercomply with their commitments within the OPEC+ alliance.
Oil plunges after Saudi Arabia abandons target to push price up to $100 a barrel
Brent crude fell by as much as 3.7% to $70.72, a two-week low - knocking billions off the value of London-listed energy giants BP and Shell.
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.
Aramco raises $3bn in debt sale as Saudi Arabia drops $100 barrel oil price
Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.
Saudi Arabia Shifts Strategy on Oil Pricing and Output
Dubai A strategic pivot is unfolding in Saudi Arabia's oil policy, as the kingdom plans to move away from its unofficial target of $100 per barrel. This decision comes as the nation gears up to increase its oil production in an effort to regain market share,
Saudi Aramco raises $3 billion from second debt sale since July
State oil giant Saudi Aramco has raised $3 billion from two-part Islamic bonds, or sukuk, tapping the debt markets for the second time this year as it expects to pay huge dividends, mainly to the government.
Aramco raises US$3 billion in debt sale as Saudi Arabia drops US$100/bbl oil price
Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.
Aramco raises $3bn in sukuk sale with over 7 times oversubscription
Saudi Aramco has raised $3bn through its first international sukuk sale since 2021, with the offering more than seven times oversubscribed, according to sources familiar with the matter, Al Eqtisadiah reported.
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 ...
Newsweek on MSN1d
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.
Saudi Arabia apparently intends to increase oil production โ€“ Commerzbank
As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel allowing it to increase oil production.
Yahoo Finance1d
Oil falls more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Brent (BZ=F), the international benchmark price, also dropped as much as 3% to hover ... which is comprised of 12 of the ...
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.