oil prices saudi news

Oil ends at 2-week low after report Saudi Arabia to scrap price target, boost output

Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.

Reuters on MSN · 1d

Oil prices fall over 2% on prospects Saudi Arabia to raise output

Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world's biggest crude exporter, will give up on its price target in preparation for raising output.

Washington Examiner on MSN · 1d

Oil prices drop following report Saudi Arabia will raise crude output

Prices of oil continue to drop after a new report revealed Saudi Arabia is considering increasing production later this year.

1don MSN

Why oil prices have plunged 3% today

The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...

Newsweek on MSN1d

Blow to Putin's War Machine As Saudi Arabia Ramps Up Oil Production

Saudi Arabia is prepared to abandon its $100-a-barrel crude oil price target as it moves to increase output, signaling its acceptance of lower prices.

Oil Prices Retreat Toward Three-Year Lows...Again

Oil prices turned sharply lower Thursday, on waning hope that supply cuts from the OPEC+ cartel and Chinese economic stimulus ...

5hon MSN

U.S. stock market ends week higher despite the chill; Asia rallies on stimulus

China stocks closed out their best week since 2008 as the country's central bank cut its reserve requirement for banks.

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