Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened
Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output
Saudi Arabia ready to abandon $100 crude target to take back market share
Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in a sign that the kingdom is resigned to a period of lower oil prices, according to people familiar with the country’s thinking.
Saudi Arabia's MC4 to raise $229 mln after IPO priced at top of range
Saudi Arabia's Fourth Milling Company (MC4) said on Thursday it is set to raise $229 million from an initial public offering (IPO) on its local stock exchange.
Analyst discusses Saudi Arabia's $100-per-barrel oil price target
Carole Nakhle, founder and director of Crystol Energy, says the oil price target may be more of an "indirect message" from Saudi Arabia, to those who undercomply with their commitments within the OPEC+ alliance.
Oil prices keep dropping: Saudi Arabia shifts away from $100 target as it aims to reclaim market dominance
Saudi Arabia's upcoming oil production increase is set to push prices down further, signalling a shift from its $100 per barrel target to focus on market share. Global oil markets brace for change.
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.
Oil prices fall after report Saudi Arabia to scrap price target, boost output
Oil futures fell on Thursday, 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.
Oil prices slide on prospect of Saudi Arabia raising output
Oil prices slipped on Thursday, reversing earlier gains, on a media report that Saudi Arabia, the world's top crude exporter, will give up its price target in preparation for raising output. Brent crude futures were down $1.
Oil Prices Drop on Report Saudi Arabia Willing to Drop $100 a Barrel Target
Crude oil prices were falling on Thursday following a report that Saudi Arabia is willing to abandon an unofficial target of $100 a barrel for crude oil. Saudi Arabia is planning to press ahead with an increase in production from Dec 1.
Saudi Arabia ditches $100 crude target to win back market share
Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US
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. Brent crude futures were down $1.
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