Turkey accused the United States of bullying its ally Saudi Arabia after OPEC+ producers announced major oil production cuts despite American objections. OPEC+ announced recently it would produce two million barrels of oil less a day […]
RIYADH: Saudi Arabia is planning to issue new bonds and sukuk denominated in US dollars while offering their holders the opportunity to acquire existing notes in exchange for cash. The price guidance for the new […]
WASHINGTON, Oct 11 (Reuters) – President Joe Biden pledged on Tuesday “there will be consequences” for U.S. relations with Saudi Arabia after OPEC+ announced last week that it would cut its oil production target over […]
Authored by Kyle Anzalone & Connor Freeman via The Libertarian Institute, Top-ranking Democratic Senators Bob Menendez (D-NJ) and Chris Murphy (D-CT) have called for a fundamental change to the relationship between Washington and Riyadh after […]
SINGAPORE, Oct 10 (Reuters) – Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season, several sources with […]
A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. WashingtonCNN — With just weeks to go until the November midterms, four letters are haunting […]
According to a new Bloomberg report, Saudi state energy giant Aramco has raised the price of crude oil sold to the US in November by 20 cents, even as it kept the selling price to […]
The president blunders from one self-inflicted crisis to the next. President Joe Biden was outraged on October 5 when the oil-and-gas cartel OPEC+ announced that it would cut production by 2 million barrels of oil per day. He […]
CNBC’s Brian Sullivan sits down with Saudi Arabia’s Prince Abdulaziz bin Salman to discuss the decision from OPEC+ to cut oil production, a move that has sparked intense criticism from the White House. […]
Energy analysts believe deep production cuts from OPEC+ could yet backfire for U.S. ally Saudi Arabia. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by […]
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