Saudi Arabia, Price War
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Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to bring barrels to the market.
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The National Interest on MSNThe Long Game in the Desert: Saudi Arabia’s Strategic Pivot on Oil ProductionSaudi Arabia's strategic pivot is about letting go of the illusion of market control and moving production back up toward capacity.
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Calendar on MSNSaudi Arabia Warns OPEC+ Members Over Production ComplianceSaudi Arabia Warns OPEC+ Members Over Production Compliance Saudi Arabia, the de facto leader of OPEC+, has issued a stern warning to members who are exceeding their production quotas, according to sources familiar with the matter.
Does the shift signal that the Saudis are bowing to U.S. pressure to lower the price of crude as a means of exerting pressure on Russia? Might the cordial relations between Washington and Riyadh be exploited to provide U.
Nvidia, AMD, AWS, and others struck $100 billion in AI deals this week, aiming to profit from cheaper power and faster access to the growing Middle Eastern market for IT services.
Daily Wrap on MSN8h
Saudi arms deal: Historic figures shrouded in scepticismWashington boasts about the largest arms deal in history, but experts temper the enthusiasm, reports Bloomberg. Saudi Arabia lacks such a budget, specifics are missing, and some of the terms are repetitions from the past.
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.
Nvidia (NVDA) stock climbs as a major AI partnership with Saudi Arabia and a $23 billion CoreWeave infrastructure plan drive bullish investor sentiment.