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Here comes more Saudi oil

Summary by GZERO Media
After cutting Saudi oil production from late 2022 to set a floor under slumping global oil prices, Crown Prince Mohammad bin Salman is set to change course. Depressed crude demand from China and greater non-OPEC production, particularly in the United States, have kept prices low, despite the output cut. The Middle East superpower’s move also eroded its market share.But beginning Tuesday, the Saudis (with seven other members of the OPEC+ group) w…

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Here comes more Saudi oil

After cutting Saudi oil production from late 2022 to set a floor under slumping global oil prices, Crown Prince Mohammad bin Salman is set to change course. Depressed crude demand from China and greater non-OPEC production, particularly in the United States, have kept prices low, despite the output cut. The Middle East superpower’s move also eroded its market share.But beginning Tuesday, the Saudis (with seven other members of the OPEC+ group) w…

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GZERO Media broke the news in on Monday, March 31, 2025.
Sources are mostly out of (0)
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Similar News Topics

Mohammed Bin Salman

Mohammed Bin Salman

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Oil and Gas Sector

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