Privately, Saudis Tell Oil Market: Get Used To Lower Prices

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

(Reuters) – Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch. Some OPEC members including Venezuela are clamoring for production cuts…

Privately, Saudis Tell Oil Market: Get Used To Lower Prices

Latest News

News

UnitedHealth Earnings Up 6%, But Firm Still Reeling From Cyberattack - Is it a Buy?

Aman Jain2 hours

UnitedHealth exceeded Q2 forecasts with $98.9B in revenue and $6.80 EPS, despite a costly cyberattack, rising medical costs, and strategic shifts impacting its 2024 outlook. US insurance giant UnitedHealth posted...