OPEC
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FinanceSaudi Arabia is squeezing the oil market just as consumption surges: ‘The Fed may have to react’
By Grant Smith, Sarah Chen, Alex Longley, Devika Krishna Kumar and BloombergSeptember 9, 2023
PoliticsGoldman Sachs warns that Russia and Saudi cuts could send oil prices above $100 a barrel by the end of 2024, just in time for Election Day
By Christiaan HetznerSeptember 7, 2023
FinanceSaudi Arabia extends oil production cut as central banks fear inflationary spike from rising fuel costs
By Grant Smith, Omar Tamo and BloombergAugust 3, 2023
FinanceHigher gas prices could soon hit U.S. drivers as Saudi Arabia doubles down on oil production cuts
By Grant Smith, Fiona MacDonald, Nayla Razzouk, Ben Bartenstein and BloombergJune 4, 2023
FinanceOPEC+’s decision to cut oil output risks increasing inflation and shows the body’s ‘pricing power is higher than it’s ever been,’ Goldman Sachs says
By Tristan BoveApril 3, 2023
FinanceSurprise OPEC oil production cut sends price towards $100 and puts ‘renewed pressure on the Federal Reserve to keep hiking rates aggressively’
By Elaine Kurtenbach and The Associated PressApril 3, 2023
By Matthew Martin, Grant Smith and BloombergApril 2, 2023
EnvironmentSaudi Arabia’s national oil company raked in a record $161 billion profit last year, as the Ukraine war and OPEC+ drove a 46% increase
By Paul Wallace, Matthew Martin, Leen Al-Rashdan and BloombergMarch 12, 2023
FinanceOPEC+ opts to ‘hunker down’ amid surging volatility and market uncertainty, holds steady on oil production
By Salma El Wardany, Grant Smith, Ben Bartenstein and BloombergDecember 4, 2022
CommentaryReducing energy options doesn’t work. Just ask Europe—and the U.S. states where gas prices are rising
By Scott TinkerOctober 18, 2022
FinanceEveryone’s been waiting for a global recession and we might have just hit a ‘tipping point,’ major energy body says
By Tristan BoveOctober 13, 2022
PoliticsSaudi Arabia releases lengthy statement saying Biden asked for delay in oil production cut to November
By Jon Gambrell and The Associated PressOctober 13, 2022
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