Saudi Arabia has declared its decision to decrease oil production by 1 million barrels per day in an effort to boost the dwindling oil prices. This announcement came following a
Latest Update on OPEC+: Meeting Kickoff Postponed as Discussions on Agreement Persist
Principal OPEC+ nations have conveyed assurance in achieving a production accord on Sunday, notwithstanding an eleventh-hour dispute with African members which risked the assembly’s progress.
The decline in oil prices continues in anticipation of the crucial Opec+ gathering.
Oil prices continued to face a downward trend on Wednesday, influenced by global economic instability concerns and preceding a significant meeting scheduled for Sunday, with contradictory indications about production from
Share Talk Weekly Energy Sector News Round-Up, Sunday 28th May 2022
Saudi Arabia‘s energy minister has issued a cautionary note to oil speculators, advising them to be vigilant before the upcoming meeting that follows the decision by OPEC+ members to significantly
Saudi Minister Issues Warning to Oil Short-Sellers Prior to OPEC Meeting
Saudi Energy Minister Warns Oil Speculators to Be Cautious Ahead of OPEC Meeting.
On Monday, crude oil prices increased slightly after rising for three consecutive weeks.
The looming supply cuts from Saudi Arabia and other OPEC+ producers offset concerns about weakened global economic growth that may reduce fuel demand.
Gone to the dogs – Dogecoin and Twitter are a perfect match
It’s possible for two contrasting statements to be valid:
Following Elon Musk’s efforts to dismiss a $258 billion memecoin lawsuit, Twitter has rebranded Dogecoin.
Elon Musk, the owner of Twitter Inc (NYSE: TWTR) and CEO of Tesla Inc (NASDAQ: TSLA), recently rebranded his social media platform by incorporating Dogecoin (DOGE), only days after he
BP and Shell leap after production cut by Opec+
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led the FTSE 100 risers after the announcement of a surprise cut in oil production by OPEC+ members.
Fresh inflation fears were triggered as Saudi production cuts caused a surge in oil prices.
Unexpected cuts to crude output by oil producers have caused oil prices to soar, raising fresh inflation concerns in global markets.
Surprise oil output cuts announced by OPEC+
On Sunday, OPEC+ oil producers, including Saudi Arabia, declared an unexpected reduction in their production by approximately 1.16 million barrels per day.