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OPEC+ alliance not shifting strategy to market share battle: Saudi energy minister

OPEC+ alliance not shifting strategy to market share battle: Saudi energy minister
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaSankt peterburgHaitham al ghaisPetersburg international economic forumJp morganPrince abdulazizPetersburg international economicNeutral zoneDated brentCommodity insightsGlobal oil markets podcastsSpotify platts oil markets podcastsApple podcasts platts oil marketsGeneral haitham

Oil rises as Fed rate-cut optimism offsets demand fears

Oil rises as Fed rate-cut optimism offsets demand fears
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United statesSaudi arabiaJennifer granholmJohn kilduffDennis kisslerOrganization of the petroleum exporting countries opecUs energy information administrationFederal reserveStrategic petroleumAmerican petroleum instituteTexas intermediateInformation administrationMemorial dayPetroleum exporting countriesPrince abdulazizStrategic petroleum reserve

Oil rises 1% as Fed rate cut optimism offsets demand fears

OIL prices climbed 1 per cent on Wednesday (Jun 5), rebounding from four-month lows, as hopes of an interest rate cut by the US Federal Reserve in September outweighed demand concern after data showed builds in US crude and fuel stocks.

Saudi arabiaUnited statesDennis kisslerJennifer granholmJohn kilduffUs energy information administrationOrganization of the petroleum exporting countries opecFederal reserveStrategic petroleumAmerican petroleum instituteTexas intermediateInformation administrationMemorial dayPetroleum exporting countriesPrince abdulazizStrategic petroleum reserve

OPEC chief defends oil cut phase-out plans despite bearish market

The markets reacted bearishly OPEC+'s Sunday output decision, worrying it could lead to oversupply later in 2024 despite slow demand growth.

United statesSaudi arabiaUnited arab emiratesSouth sudanSankt peterburgEquatorial guineaHaitham al ghaisAl ghaisAbu dhabiSuhail al mazroueiAl mazroueiEuropean central bank onPetersburg international economic forumGeneral haitham al ghaisKuwaiti al ghaisTuesday june

OPEC+ Extends Deep Oil Production Cuts into 2025

OPEC+ Extends Deep Oil Production Cuts into 2025
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Saudi arabiaAr riyaUnited arab emiratesSaudi energyEnergy aspectsOrganization of the petroleum exporting countriesInternational energy agencyPetroleum exporting countriesEnergy minister prince abdulazizAmrita senPrince abdulazizUnited arabCrown prince mohammed