Saudi Arabia Eyes OPEC+ Output Increase Ahead of Restrictions on Russian Oil

Summary by Wall Street Journal

Saudi Arabia and other OPEC oil producers are discussing an output increase, the group’s delegates said, a move that could help heal a rift with the Biden administration and keep energy flowing amid new attempts to blunt Russia’s oil industry over the Ukraine war.

Published 3 months ago · Riyadh, Saudi Arabia

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Reuters

Saudi denies oil output hike discussion, says OPEC+ may cut if needed

Saudi Arabia said OPEC+ was sticking with cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output, according to state news agency SPA.

3 months ago·United Kingdom

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CTV News

Crude oil tumbles on report that OPEC plus could hike production

Crude oil prices slumped to a 10-month low Monday on a report that OPEC plus may hike output at its next meeting.

3 months ago·Toronto, Canada

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CBC News

Crude oil tumbles on report that OPEC+ could hike production

Crude oil prices slumped to a 10-month low Monday morning before rebounding at midday, adding to the volatility that has dogged the Canadian energy sector recently.

3 months ago·Canada

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The Telegraph

Oil price slumps with Saudi Arabia poised to increase production - live updates

Oil prices have slumped to their lowest level since before the war in Ukraine after Saudi Arabia and other Opec countries were reported to be discussing an output increase alongside China tightening its Covid-restrictions, hurting the outlook for demand.

3 months ago·London, United Kingdom

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Financial Post

Saudi Arabia eyes OPEC+ production increase

Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on Monday, citing unidentified delegates within the group.

3 months ago·Canada

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National Post

Saudi Arabia eyes OPEC+ production increase

Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on Monday, citing unidentified delegates within…

3 months ago·Canada

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