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Saudi Arabia-Led Oil Cuts Run Into Gusher of Alternative Supplies
Finances

Saudi Arabia-Led Oil Cuts Run Into Gusher of Alternative Supplies

The wild card for the market lies in players such as Nigeria where production has risen unexpectedly but is prone to outages. Source link

OPEC+ Cut Won't Throttle Chinese Oil Demand
Finances

OPEC+ Cut Won't Throttle Chinese Oil Demand

The U.S. is looking shaky, but the world’s largest energy consumer is still in the early stages of its post-Covid recovery. Source link

Dow, S&P 500 Futures Slip on Renewed Recession Fears
Finances

Dow Futures Tread Water Ahead of Jobless Claims

Brent crude oil and gold prices held near record highs. Source link

Oil Prices, Stock Futures Rise Ahead of More Economic Data
Finances

Oil Prices, Stock Futures Rise Ahead of More Economic Data

Markets U.S. Markets Brent futures extend gains having posted their largest rise in more than a year Monday Source link

Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy
Business

Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy

Riyadh needs to keep prices high enough to fund grandiose gigaprojects. Source link

OPEC+ Oil Market Move Less Surprising Than It Seems
Finances

OPEC+ Oil Market Move Less Surprising Than It Seems

The latest output cut took the markets by surprise, but conditions might have justified it. Source link

Saudi-Led Oil Producers to Lower Output Further
Business

Saudi-Led Oil Producers to Lower Output Further

The new cuts are expected to total more than a million barrels a day, a surprise move that led to a jump in crude prices.

Oil Prices Jump as Saudi-Led Group Plans Output Cuts
Finances

Oil Prices Jump as Saudi-Led Group Plans Output Cuts

A potential U.S. recession and demand from China will help determine whether crude pushes even higher. Source link

U.S. Stocks Open Mixed as Oil Prices Jump
Finances

U.S. Stocks Open Mixed as Oil Prices Jump

Markets U.S. Markets Crude oil prices gain on surprise Saudi-led production cut Source link

Japan Breaks With U.S. Allies, Buys Russian Oil Above Cap
Finances

Japan Breaks With U.S. Allies, Buys Russian Oil Above Cap

Citing energy needs, Tokyo won legal exception to rules binding Group of Seven nations. Source link