“It is well known, and no secret, that OPEC+ does not discuss any decisions ahead of its meetings,” Saudi Energy Minister said in a statement
OPEC
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Oil prices “flirting with $100” could be dangerous for world economies, IEA chief says
Analysts say oil prices could return to above $100 per barrel again, sooner than expected
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What happened to output cuts? OPEC ends up boosting crude production, survey shows
Even though OPEC+ had pledged to cut output by 100,000 b/d in October, the alliance hiked production by 220,000 b/d instead, as several members recovered lost barrels by outages and maintenance, a survey by S&P Global Commodity Insights reported. Sharp production increases from Kazakhstan, Russia and Iraq were offset by losses in Saudi Arabia and […]
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US-Saudi relation isn’t ‘high school romance,’ White House says
A top White House official commented on Saudi energy minister’s recent statement that the kingdom was the more “mature” partner in a relationship roiled by an ongoing spat over OPEC cuts. “It’s not like some high school romance here,” said John Kirby, the communications coordinator at the US National Security Council, when asked about a comment […]
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Stop ‘bullying’ Saudi Arabia over OPEC cuts, Turkish foreign minister tells US
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 […]
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OPEC members reaffirm output cuts were unanimously agreed upon after US accuses Saudi Arabia of coercion
OPEC+ members issued statements early on Monday to defy US claims that “more than one” OPEC member had felt coerced by Saudi Arabia into the vote
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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’
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‘You’ve got it wrong’: Saudi Energy Minister calls out journalist for misquoting him
“You as Reuters did not do a proper job,” Saudi energy minister Prince AbdulAziz bin Salman said.
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OPEC+ decides to slash oil output, defying US pleas
OPEC’s decision comes at a time when much of the world is already battling soaring energy costs
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OPEC+ agrees small production cut to balance oil markets
OPEC and its allies led by Russia on Monday agreed to a small oil production cut to strengthen oil prices that have slid on fears of an economic slowdown. The world’s most powerful oil producers have decided to slash output by 100,000 b/d amounting to only 0.1% of global demand, for October. They also agreed […]
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