Oil Market ‘Smile’ Suggests Saudi Arabia’s Output Shift Was Well Timed - Energy News, Top Headlines, Commentaries, Features & Events

Oil Market ‘Smile’ Suggests Saudi Arabia’s Output Shift Was Well Timed - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed. The kingdom has in recent weeks pushed fellow OPEC+ members to produce more oil despite fears about an economic slowdown, a marked change in policy that helped oil ...

Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas?

Earlier this week, I published an article titled “What does the OPEC+ increase of 411,000 mean to the United States?” I was asked about Saudi Arabia’s increase in the Asia market and how it would impact the United States. Those two points are broken out into sections below. They seem to be trying to make too many market adjustments by increasing production while raising prices for a specific market. Saudi Arabia is raising prices to Asia Saudi …