OPEC Plus Postpones Plan to Increase Oil Output for Three Months
The oil cartel had aimed to start opening the taps in January, but delayed in the face of weak demand and plans by other countries to raise production.
Posted inInternational Relations Israel-Gaza War (2023- ) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries
With Oil Prices Weak, OPEC+ Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
Posted inBlackRock Inc Goldman Sachs Group Inc International Relations Iran-Israel Proxy Conflict Israel-Gaza War (2023- ) Mohammed bin Salman (1985- ) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Riyadh (Saudi Arabia) Saudi Arabia
At a Glitzy Saudi Investment Forum, Almost No Mention of War
Saudi Arabia and its Gulf neighbors are seeking to reassure foreign investors that it’s still safe to do business amid the turmoil around the Mideast.
Posted inInternational Relations Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates)
Conflict Between Israel and Iran Adds to Oil Market Volatility
Israel and Iran are fighting at a time when prices are under pressure because of weak demand in China and concerns about oversupply.