Saudi Arabia Wants OPEC+ To Speed Up Next Oil Production Boost

Crude Oil Prices Plunge on Report Saudi Arabia Wants to Speed Up Production Hikes

October WTI crude oil (CLV25 ) on Friday closed down -1.61 (-2.54%), and October RBOB gasoline (RBV25 ) closed down -0.0453 (-2.25%). Crude oil and gasoline prices on Friday fell sharply due to a report that Saudi Arabia wants OPEC+ to speed up production hikes. Oil prices also fell due...

Saudi Arabia Wants OPEC+ To Speed Up Next Oil Production Boost

OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said.Key alliance members will hold a video conference on Sunday that will consider what to do with a 1.66 million barrels a day tranche of halted supplies, having just fast-tracked the return of a previous layer over the past five months.No d…

Crude Prices Tumble To 3-Mo-Lows As Saudis Push To Accelerate OPEC+ Production Boost - Nemos News Network

Crude Prices Tumble To 3-Mo-Lows As Saudis Push To Accelerate OPEC+ Production Boost Oil pries are tumbling further this morning following reports that OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year to reclaim market share. Bloomberg reports that, according to people familiar with the matter, key alliance members will hold a video conference on Sunday that…

Crude Prices Tumble To 3-Mo-Lows As Saudis Push To Accelerate OPEC+ Production Boost – altnews.org

Oil pries are tumbling further this morning following reports that OPEC+ leader Saudi Arabia wants the group to consider reviving more