News

📰 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. https://t.co/VBphfd49UE

September 26, 2024
Frank

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.

https://t.co/VBphfd49UE