Tag: Saudi Arabian Oil

Chart of the Day: Get Ready for Higher Oil Prices – The Saudis Strike Again

OPEC stunned the market by announcing oil production cuts of around 1.15 million barrels daily. The announcement came ahead of the actual OPEC meeting.
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OPEC+ Pledges Major Oil Output Cuts From May to Year’s End

Saudi Arabia and OPEC+ will be cutting their output by about 1.15 million barrels per day (bpd), a move expected to cause an immediate rise in prices.

West Made ‘Terrible Mistake’ Over Russian Annexation of Crimea: UK’s Johnson

The West made a “terrible mistake” in 2014 when it allowed Russian President Vladimir Putin to get away with annexing Crimea, British...

The Demise of the Petrodollar

Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales Talks between Riyadh and Beijing have accelerated as...
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Canadian Premier Says Biden Should Opt for Oil From His Province Over Saudi Arabia, Venezuela

Alberta Premier Jason Kenney says the United States should be seeking his province’s oil instead of getting it from Saudi...