Saudi Arabia5 years ago
Saudis plan oil output hike as part of price war to spite Russia: Report
Saudi Arabia reportedly plans to increase oil output next month to more than 10 million barrels per day after its OPEC+ alliance with Russia collapsed.
oil prices
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Saudi Arabia5 years ago
Saudi budget deficit set to widen to $50bn next year
Saudi Arabia says its budget deficit for 2020 will grow to $50 billion.
Business5 years ago
OPEC agrees oil output cuts after much ‘brain squeezing’
The OPEC group has agreed to cut production by 500,000 barrels per day in a bid to stem prices.
Saudi Arabia5 years ago
US to release 'strategic reserve' to control rising oil price
The US president says he has authorized the release of the country's "strategic petroleum reserve" in order to control the rise of oil prices.
Business6 years ago
Conflicting US, Saudi campaigns drive up oil prices
Renewed concern over supply declines brought on by US sanctions on Iran and Venezuela and reductions in global production are driving up prices.
Interviews6 years ago
‘US sanctions fail to contain Iran’s regional power’
A commentator says the US has long been seeking to contain Iran’s regional power and it is using sanctions as leverage against the Islamic Republic.
Energy6 years ago
Macron, Zangeneh say Trump behind oil price rally
Iran’s Minister of Petroleum Bijan Zangeneh rejects President Donald Trump's attack on OPEC, saying the US president himself is behind a surge in oil prices.
Energy6 years ago
Iran sanctions set to push oil above $150: Hedge funds
Prominent hedge funds have warned that upcoming US sanctions on Iran's energy sector could push oil prices above $150 a barrel from around $75 now.
Energy6 years ago
Oil prices keep rising as US sanctions on Iran loom
Brent crude futures were changing hands at $78.10 per barrel on Wednesday, up 34 cents, or 0.4%, from their last close.
Interviews6 years ago
'US cannot unilaterally halt Iran oil exports'
An analyst says the US cannot unilaterally cut Iran’s oil exports to zero, warning that global recession could be a consequence of such a move.
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