Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to “bully” Saudi Arabia after OPEC+ oil producers announced production cuts earlier this month, defying Biden’s pleas. “We see that a country has threatened Saudi Arabia, especially recently. This bullying is not correct,” Cavusoglu said at a news conference in southern Turkey. President Joe Biden […]
Biden
Posted inNews
Is an oil war on the horizon?
While US has accused Saudi Arabia of siding with Russia after OPEC+ cuts, Saudi Arabia has firmly denied the accusations, noting that the oil cut is ‘purely economic’
Posted inNews
OPEC+ pledges to increase September output by 100,000 barrels per day
For July and August, OPEC and its allies had pledged to add more than 600,000 barrels a day to the market
Posted inDRILLING & PRODUCTION
Oil prices gain on multiple international events: Rystad Enrergy comment
Oil prices rise on President Biden’s push for a quick Covid-19 financial relief package, Iraq’s pledge to cut output and Indonesia’s seizure of oil tankers in its waters