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Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...
Oil futures rebounded, and Capital Economics cut its year-end price forecast for Brent to $60 a barrel from $70, and for the end of 2026 to $50 from $60.
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...
Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...
Iraq exported crude oil and petroleum products worth $29.58 billion to India, maintaining a significant market share despite ...
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
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