Why does the U.S. want to punish Saudi Arabia for the OPEC+ Cut?
OPEC cuts crude oil production Firstly, despite repeated please from the U.S. that the Organization of the Petroleum Exporting Countries (OPEC), under the leadership of...
Tag : Saudi Arabia
U.S. is eyeing the outcome of the next OPEC+ meeting
OPEC meeting Firstly, the United States is not expecting Saudi Arabia to boost oil production immediately; and is eyeing the outcome of the next OPEC+...
OPEC sticks to output increase plan; US eases pressure
OPEC, the Organization of Petroleum Exporting Countries, announced this Thursday it would stick to its plan of raising output by 400,000 barrels in January. As...
Saudi Arabia cuts crude prices for Asia; Europe’s remain steady
Saudi Arabia cut the prices of its light crude for Asian customers in October versus September and left Europe’s and U.S.’s prices steady. The price...
This week’s ransomware attack on Saudi Aramco; cybersecurity at the top
Saudi Aramco said it was the target of a $50 million ransomware attack. Indeed, the Company’s confirmation came on Wednesday in a conversation with the Associated...
The U.S. shale genie to stay in the bottle for now: OPEC sources
The U.S. shale output is likely to remain limited in 2021 despite rising prices; which would give the Organization of Petroleum Exporting Countries and its...
Globally important oil port in Red Sea shut after attack
The globally relevant port of Jeddah, on the Red Sea, off the coasts of Saudi Arabia was shut this Monday, after an explosion was registered...