OPEC, Saudi Arabia and oil
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Part of the issue is that members are not sticking to their pledged cuts. The Saudi minister called out Iraq, which surpassed its quota by 400,000 barrels per day in August, according to S&P Global Ratings data. Kazakhstan, which overproduced by 120,000 barrels a day, was also singled out.
Saudi minister warns of $50 oil if OPEC members don’t adhere to production cuts: report
Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed production cuts.
OPEC refutes WSJ article on Saudi saying oil prices could drop to $50
OPEC said in a statement on Wednesday that a Wall Street Journal article reporting that Saudi Arabia's oil minister had said oil prices may drop to $50 if the group's members do not stick to output cuts was "wholly inaccurate and misleading".
Saudi Minister Warns of $50 Oil as OPEC+ Members Flout Production Curbs
The Saudi oil minister has said prices could drop to as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits, according to delegates in the cartel. The statements were interpreted by other producers as a veiled threat from the kingdom that it is willing to launch a price war to keep its market share if other countries don’t abide by the group’s agreements,
Saudi Arabia Warns Oil Prices Could Drop to $50
Saudi Arabia has warned OPEC+ members that it may unleash a price war if they continue to flout their output quotas.
Title: Saudi Arabia Warns of Potential $50 Oil Price Amid OPEC+ Production Overages
Saudi Arabias oil minister has issued a warning that oil prices could fall to $50 a barrel if certain OPEC+ members continue to exceed their agreed production limits, as reported by delegates referenced in The Wall
OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50
OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if OPEC+ members do not stick to agreed-upon production limits.
Rumors of New Saudi Oil Price Target Are Warning to OPEC Cut Violators
Last week, the Financial Times reported that Saudi Arabia was ready to abandon its unofficial price target of $100 a barrel for crude oil as it prepares to increase output, effectively signaling that it is resigned to a prolonged period of lower oil prices.
Saudi energy minister signals potential price war amidst OPEC tensions
The Saudi energy minister warned that oil prices could drop to $50 per barrel if OPEC members continue to exceed the production limits to which they have agreed. These words were interpreted by other OPEC members as a veiled threat to initiate a price war,
Saudi Prince warns of $50 oil: Opec discord and price war threat
The Saudi energy minister warned that oil prices could drop to $50 per barrel if OPEC members continue to exceed their agreed-upon production limits. According to The Wall Street Journal, other OPEC members interpreted this as a veiled threat to initiate a price war.
OPEC objects to report about Saudi minister’s warning about production cuts
Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed ...
Saudi Strategic Shift Raises Specter Of Another Oil Bust
Saudi Arabia is again signaling a shift in strategy to protect global market share. The last time this happened, an oil bust ...
Saudi Arabia and OPEC face challenges enforcing crude oil output cut quotas
Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries, is once again faced with a ...
Saudi minister said to warn of $50 oil as OPEC members flout production curbs
Crude oil futures ended with small gains. Saudi Arabia oil minister reportedly warned OPEC members that oil could drop to $50 ...