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OPEC rebuts WSJ article on Saudi
Saudi Arabia threatens to cut oil prices to $50 per barrel - WSJ
Oil prices could drop to $50 per barrel if OPEC+ member countries do not comply with the agreement to limit production, stated Saudi Arabia’s Energy Minister, Abdulaziz bin Salman, according to The Wall Street Journal.
OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50
OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if OPEC+ members do not stick to agreed-upon production limits.
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Saudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. Prince Abdulaziz bin Salman's forecast, made during a conference call last week,
Saudi Minister Warns of $50 Oil as OPEC+ Members Flout Production Curbs
The Saudi oil minister has said prices could drop to as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits, according to delegates in the cartel.The remarks were interpreted by other producers as a veiled threat from the kingdom that it is willing to launch a price war to keep its market share if other countries don’t abide by the group’s agreements,
OPEC objects to report about Saudi minister’s warning about production cuts
The Organization of the Petroleum Exporting Countries on Wednesday said it refuted a Wall Street Journal report that Saudi Arabia’s oil minister Prince Abdulaziz bin Salman warned fellow producers that oil could drop to $50 a barrel if they don’t comply with agreed production cuts.
Saudi energy minister signals potential price war amidst OPEC tensions
The Saudi energy minister warned that oil prices could drop to $50 per barrel if OPEC members continue to exceed the production limits to which they have agreed. These words were interpreted by other OPEC members as a veiled threat to initiate a price war,
Saudi Prince warns of $50 oil: Opec discord and price war threat
The Saudi energy minister warned that oil prices could drop to $50 per barrel if OPEC members continue to exceed their agreed-upon production limits. According to The Wall Street Journal, other OPEC members interpreted this as a veiled threat to initiate a price war.
13h
Saudi Arabia hopes for de-escalation in Middle East, economy minister says
Saudi Arabia is hoping for de-escalation and dialogue, Economy Minister Faisal al-Ibrahim said on Wednesday, when asked at a ...
2h
Billboard Arabia Uses AI to Create Performance Honoring Late Saudi Arabian Music Icon Etab
In celebration of the 94th Saudi National Day, Billboard Arabia’s video series brings Etab’s timeless song back to life using ...
cidrap.umn
3h
WHO reports new MERS case in Saudi Arabia
The World Health Organization (WHO) reported today that it has been notified of a human case of MERS-CoV (Middle East ...
2d
Saudi Arabia expects 2024 deficit to widen to 3% of GDP
Saudi Arabia estimates its 2024 fiscal deficit will widen to almost 3% of GDP, according to a government statement on Monday, ...
Skift
4h
Delta Inks Codeshare With Saudia, Expanding Partnerships in Saudi Arabia
Through the codeshare and a preliminary agreement with Riyadh Air, Delta has decided to further strengthen its ties with ...
2d
Saudi Arabia Pledges to Send Funding for Palestinians
An expected cash infusion for the Palestinian Authority would signal renewed Saudi backing for Palestinian statehood and help ...
1d
Saudi Arabia’s ACWA Power, Turkey Discussing Energy Investment
Saudi Arabia’s ACWA Power Co. is in talks with Turkey about investing in the country’s green-energy industry, according to ...
7h
Two Telangana NRIs struggle to return home from Saudi Arabia for last rites of their children
Sakalam Bheemaiah of Mustabad Mandal in Rajanna Sircilla is in a state of inconsolable grief and desperate to have the last ...
Human Rights Watch
12h
Saudi Arabia: Open Letter to the Permanent Representatives of Member States of the United Nations
States should refrain from voting for Saudi Arabia in upcoming Human Rights Council elections at the UN General Assembly ...
Zawya
10h
The critical importance of Command and Control Centres to public safety outlined at Intersec Saudi Arabia
Collaboration between sectors such as policing, border security, customs, and critical infrastructure to redefine how ...
2h
on MSN
7 Top Moments From the Saudi National Orchestra and Choir's London Performance With the Royal Philharmonic Orchestra
Central Hall Westminster was alive with the energy of cross-cultural musical exchange as the Saudi National Orchestra and ...
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