Oil barrel exceeds $120 following Saudi Arabia’s decision to raise prices
Oil prices rose on Monday, with the price of a barrel of Brent crude oil exceeding $120 after Saudi Arabia…
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Brent crude breaks $70 after Saudi Arabia’s oil facilities attacked
International benchmark Brent crude futures popped on Monday, moving above $70 a barrel for the first time in more than…
Oil price reaches 11-month high after Saudi Arabia cut production
Oil prices rose to their highest level in February 2020 on Wednesday, after Saudi Arabia agreed to cut production more…
Saudi Arabia buys stakes worth $1 billion in European oil companies
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major…
Oil prices turn lower despite hints Russia and Saudi Arabia are very close to a deal
Oil prices fell on Monday, reversing earlier gains after the CEO of Russian sovereign wealth fund RDIF told CNBC that…
Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
Oil prices rebound after ‘Black Monday’ shocks, but outlook volatile
Stocks and oil prices have steadied and even bounced back after a “Black Monday” that saw them fall dramatically. Coronavirus…
Oil plummets over 20% as OPEC deal failure sparks price war
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts…
The price of oil at the last 4 months’ high, after the attacks in Saudi Arabia
WTI US benchmark oil futures closed Monday at $ 62.5 a barrel, close to the highest level of the day’s…
Vestas to supply Saudi Arabia’s first wind farm
Vestas will supply a consortium of EDF Renewables and Masdar with 99 turbines for Saudi Arabia’s first utility-scale wind farm.…
Oil prices jump as Saudi energy minister reports drone ”terrorism” against pipeline infrastructure
Oil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia. The…
Saudi Arabia says oil tankers were attacked off the UAE coast
Two Saudi oil tankers were targeted on Sunday in “a sabotage attack” off the coast of Fujairah, part of the…
Saudi energy minister: Russians promised me they’d ‚pick up the pace’ on OPEC cuts
Saudi Arabia’s energy minister is hoping Russia will pull its weight on recently agreed OPEC oil production cuts despite its…
Saxo Bank: Crazy week in oil and gas
The Bloomberg Commodity Index, which tracks a basket of major commodities within the three major sectors of energy, metals and…
Saudi Arabia’s energy minister says there are no plans to abolish OPEC
Saudi Arabia is not preparing for a break-up of OPEC, Energy Minister Khalid al-Falih said Monday, adding the group will continue…
The Saudi oil weapon and the energy market: What investors need to know
As President Donald Trump struggles to contain the fallout from the apparent murder of a Saudi columnist for the Washington…
OPEC hikes oil output in September as Iran’s production falls, demand outlook softens
Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset…
Saudi Arabia plans to pump up to 11 million bpd of oil in July, a record high (Reuters)
Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in…
