Saudi Arabia

Oil storage

Oil falls as markets fear further action from the US Fed | OilPrice.com

Crude prices fell significantly at the start of the week despite robust US economic data coupled with strong employment numbers and a positive industrial PMI. Chart of the week Late and lax, oil price cap fails to impress markets – Oil prices are in freefall this week, with WTI returning to levels just above $75 …

Oil falls as markets fear further action from the US Fed | OilPrice.com Read More »

Tanker

Middle East oil producers under pressure to cut prices again | OilPrice.com

The Middle East has steadily reaped the benefits of its oil wealth throughout 2022, arguably one of the most successful years for the region as a whole in recent history. Yet the outlook for next year is not so rosy. The global economy is in disarray, with the double whammy of a strong US dollar …

Middle East oil producers under pressure to cut prices again | OilPrice.com Read More »