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Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC's de facto leader and most influential member, decided at its latest meeting in Vienna to break its recent strategic oil partnership with Russia and adopt a new policy to maximize production levels, oil
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An oil price war is here to stay, analysts warn — even as prices tumble to nearly two-decade lows
An oil value war between Saudi Arabia and Russia will in all probability collect throughout the year, vitality examiners have told, forever until 2021 at the most punctual. Universal benchmark Brent unrefined exchanged at $26.01 Wednesday,
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India plans to top up strategic tanks with cheap Saudi, UAE oil: Report
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR), two sources familiar with the matter. Global oil prices have fallen around 40% in March as the
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Global impact of the Saudi Arabia-Russia oil war
Oil has a frightful propensity for breaking coalitions, beginning wars and toppling systems. This week saw one progressively pivotal change in the
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Nigeria Risks Recession As Saudi Arabia Begins Global Oil Fight
Saudi Arabia plans to singularly expand oil yield one month from now, a move that could additionally decrease costs, dependable sources told
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Coronavirus: Saudi Arabia fishes in troubled waters
For a situation of war inside a war, Saudi Arabia cut its fare oil costs throughout the end of the week setting off a value war focusing on Russia
Read MoreSaudi coalition 'foils attack' on oil tanker off Yemen's coast
The Saudi-drove alliance battling in Yemen said on Wednesday that it thwarted an "impending fear based oppressor assault" on an oil tanker off Yemen's coast on the Arabian Sea. The tanker was cruising 90 nautical miles (167km)
Read MoreSaudi-Russia alliance under pressure at OPEC meeting, as coronavirus saps oil demand
The vitality coalition between Saudi Arabia and Russia will probably go under serious examination this week, as agents from a portion of the world's most remarkable oil-creating countries talk about how best to pad the effect of the coronavirus
Read MoreSaudi Arabia may slash April oil prices to Asia by most since 2012
Top oil exporter Saudi Arabia is expected to make the deepest cuts to its monthly official selling prices (OSP) to Asia since 2012, tracking declines in Middle East benchmarks and weak refining margins as the coronavirus outbreak has cut
Read MoreSaudis put on brave face as coronavirus roils oil markets
The coronavirus outbreak has been pressuring oil prices for weeks as Saudi Arabia-led OPEC and other oil producers try to gauge how the widening outbreak could affect global energy demand. Tuesday saw even more
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