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is_customized: Yes

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If Trump wants the Saudis to cut oil production, he must demand it | TheHill Any hypothetical production deal between the US and Saudi Arabia would bring severe market risks down the line. amp video_youtube The Hill Yesterday Opinion

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US news — RT International - RT America

Naomi Karavani pilots the 200th episode of Redacted Tonight VIP. She opens the show with Lee Camp and Anders Lee on a panel. They discuss the coronavirus’ impacts around the world, some of the upsides of this economic downturn, the rise of ...

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Saudi Arabia aims to keep crude in $70 to $80 band - The

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Saudi Aramco weighs pipeline stake sale to raise over US$10B . Saudi Aramco, the world’s largest oil producer, is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people familiar with the matter.

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Will Saudi Arabia cut oil a day?
(AP Photo) RIYADH, Saudi Arabia (AP) — Saudi Arabia on Wednesday confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year. The announcement could further prop up oil prices, which are hovering around $90 a barrel.
How will Saudi Arabia & Russia's oil cuts affect oil prices?
The announcement could further prop up oil prices, which are hovering around $90 a barrel. Production cuts first announced by Saudi Arabia and Russia in July have driven up prices at the pump, enriched Moscow’s war chest and complicated global efforts to bring down inflation.
Why does Saudi Arabia need higher oil prices than $70 per barrel?
The Saudi budget needs higher prices than $70 per barrel of Brent crude. It needs it because the Crown Prince of the Kingdom has ambitious public spending plans aimed at reducing Saudi Arabia's dependence on oil revenues. Everyone thought this was the most obvious motivation for the cuts, but not according to bin Salman himself.
Are Saudi oil production cuts based on global demand concerns?
Saudi Arabia's energy minister, Abdulaziz bin Salman, asserts that recent oil production cuts are based on global demand concerns, not a tactic to raise prices.
Is Saudi Arabia worried about the demand side of the oil equation?
In other words, like many an analyst citing demand concern after demand concern in the past eight months, Saudi Arabia's energy minister is worried about the demand side of the oil equation. So is the International Energy Agency. Only it is worried that there will be not enough supply to meet what it sees as accelerating demand.
Is Saudi oil jacking up prices?
"It's not about . . . jacking up prices, it's about making the decisions that are right when we have the data," Saudi energy minister Abdulaziz bin Salman said this week, commenting on the decision by the Kingdom and Russia to extend oil production cuts first implemented in July. Naturally, when that happened, everyone thought it was about prices.