OPEC’s biggest oil producer Saudi Arabia now believes oil prices could stabilize at around $60 a barrel, a level both it and other Gulf producers believe they could withstand.
Saudi Arabia Sees Oil Prices Around $60 A Barrel
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Wed, 12/03/2014 - 9:39am
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BING NEWS:
- Geopolitical Uncertainties Set to Support Oil Prices
Geopolitical tensions and potential supply disruptions are supporting oil prices, but concerns about global demand growth and OPEC+'s production decisions create uncertainty for the market.
11/30/2024 - 1:41 am | View Link - OPEC+ postpones meeting on oil output to December 5
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output. Analysts ...
11/27/2024 - 10:20 pm | View Link - OPEC+ production cuts may support oil prices in near term, Goldman Sachs says
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest near term upside to Brent prices, Goldman Sachs said.
11/26/2024 - 3:05 pm | View Link - Saudi 2025 Budget Sees Deficit Of 2.3% Of GDP As Spending Stays High
Saudi Arabia on Tuesday approved a budget for 2025 that projected a deficit of $26.8 billion as high spending continues on reforms meant to transition the economy away from oil.
11/26/2024 - 6:18 am | View Link - Saudi Arabia Cuts Spending to Reform Economy Amid Lower Oil
Saudi Arabia outlined plans to trim spending in 2025 after overshooting ... as the kingdom adjusts to a recent fall in oil prices. The government is forecasting a budget deficit in 2025 of 101 billion ...
11/26/2024 - 4:02 am | View Link - More
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