Oil Slips Below $80 After Saudi Pledges Rapid Output Rise

Oil slipped below $80 a barrel on Monday as Saudi Arabia pledged to raise its crude production to a record, two weeks before U.S. sanctions potentially choke off Iranian crude supplies.

Topics:  saudi arabia   u.s    iranian   oil   crude   
BING NEWS:
  • Saudi Arabia may cut oil prices for Asia for second month in August
    SINGAPORE, June 28 (Reuters) - Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai ...
    06/27/2024 - 8:30 pm | View Link
  • Saudi Arabian Oil Co 2222
    We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
    06/26/2024 - 5:23 pm | View Link
  • Saudi Oil Exports to China Set for Third Monthly Decline
    According to the report, shipments of Saudi oil to Chinese buyers in July will come in at some 36 million barrels, down from 39 million barrels in June, which was in turn a decline on the 45 ...
    06/10/2024 - 10:01 pm | View Link
  • Saudi oil giant Aramco's shares rise after stock sale set to raise $11.2 billion
    There appears to have been no lack of demand for the secondary offering, that's set to raise the state oil company around $11.2 billion. It comes as Saudi Arabia pushes ahead with ambitious plans ...
    06/8/2024 - 10:05 pm | View Link
  • Oil prices fall for a third consecutive week
    Oil futures declined on Friday to post losses ... Reserve’s interest-rate decisions and the impact on energy demand. Saudi Arabia’s energy minister, meanwhile, reiterated that an OPEC+ plan ...
    06/7/2024 - 4:36 am | View Link
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