Saudi Arabia began to deeply discount its oil two months ago, after OPEC’s top producer and its partner in the OPEC+ pact, Russia, broke up the production cut deal and the Saudis waged a price war for market share. Today’s increase in the price for Saudi crude for June – which ge...
Polyester production and marketing, driven by the surge of crude oil, today, the market atmosphere of polyester filament Market in Jiangsu and Zhejiang provinces has surged and production and sales have surged. According to statistics, production and sales of polyester mainstream plants have climbed t...
"If you look at things that have happened since that announcement (of an IPO)… oil prices today are in the eighties (of dollars per barrel) whereas a few years ago it was almost $30 oil, $25 oil — and now we're in the eighties. So, you have this chan...
“The news overnight of a potential return of Libyan supply, coupled with today’s announcement of a lowered Saudi price target due to an expected increase in supply, has taken the wind out of the crude oil market’s sails following the boost provided by the PBOC’s easing measures an...
10:43aBarron'sThese Stocks Are Moving the Most Today: Broadcom, Tesla, Costco, RH, Upstart, ServiceTitan, and More 10:36aBarron'sMcKinsey Will Pay $650 Million for Opioid Work After Settlement With DOJ 10:31aCostco, boosted by traffic and digital sales, is well positioned for future gains,...
Analysts predicted there would be further selling when trading opens today.Among refined products traded on the exchange, the November delivery price for wholesale heating oil fell 1.11 cents a gallon to 54.82 cents. The November delivery price of wholesale unleaded gasoline fell 0.96 cent a gallon...
"While the oil price has opened on a solid footing today, the knee-jerk reaction to the meeting is likely to subside in the short term until investors take solace in visible signs of a reduction in supply and OPEC lives up to the rhetoric of further supply cuts," said Aneeka Gupta, ass...
Saudi Arabia will extend a cut in the amount of oil it sends to the world after a series of reductions by members of the OPEC+ alliance.
In an interview with FBN anchor Maria Bartiromo, published inUSA Today,bin Talal blamed oversupply and weak demand for the precipitous drop in oil prices, saying “If supply stays where it is, and demand remains weak, you better believe [the price of oil] is gonna go down more. But if...
Saudi Arabia and other major oil producers say they will cut oil production by 1.15 million barrels per day from May until the end of 2023. The Saudi Energy Ministry said Sunday that its cuts of 500,000 barrels per day were in addition to a reduction ann