We note here that current price levels (around 72 $/b for Brent) are considered low for Saudi Arabia which, according to the IMF, would need a price of 100 $/b to finance the ambitious 2030 vision of crown prince Mohammad Bin Salman. However, a price-war scenario by OPEC+ in 2025 ...
“Neither Opec , Opec nor the Saudis have any price target, let alone $100/bl,” one source said, in response to a Financial Times report that stated Saudi Arabia is ready to “abandon its unofficial price target of $100/bl”. A second source said the $100/bl figure being reported i...
Oil Spot Price was in 2008. Prices for Brent Crude reached as high as $143.95/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Brent Crude fell as much at 70% off highs in January of 2009...
Settlement Price 02/18/2025 47.12¢ Toggle Chart Options Advanced Charting Range Dropdown Volume: 9.6K65 Day Avg: 4.92K 195% vs Avg 46.23Day Range47.84 38.6752 Week Range48.30 Date RangeMake a SelectionCustom Range1M3M6MYTD1YR3YR
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Turkey’s inflation rate has fallen below 50 per cent for the first time in more than a year, underscoring how high interest rates are cooling runaway price growth. Consumer prices rose 49 per cent in September from the same month last year, below the previous month’s rate of 52 per ce...
Oil prices rose than $6 per barrel (5.47 euros) this week and prices at the pump moved higher as well. The average price for a gallon of gas rose 5 cents from last week. Any major escalation of tensions in the Middle East conjures up memories of the oil embargo that followed t...
Expectations for the price cut, as reported by Reuters last week, ranged between $0.70 and $0.90 per barrel. The move was prompted by weaker-than-expected demand from Saudi Arabia’s key oil export market: Asia. The Saudis are the biggest suppliers of oil to Asia and with de...
“West Texas Intermediate and oil will trade at a “higher” price, roughly US$100-$120 /bbl, for the next six or more years.: I am not sure if this video will play in the US. If It does not, I can update with a summary https://www.bnnbloomberg.ca/video/eric-nuttall-s-market...