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Saudi Minister Warns of $50 Oil

MarketWatch on MSN · 1d

Saudi minister warns of $50 oil if OPEC members don’t adhere to production cuts: report

Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed production cuts.

OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50

OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if OPEC+ members do not stick to agreed-upon production limits.

Seeking Alpha · 1d

Saudi minister said to warn of $50 oil as OPEC members flout production curbs

Crude oil futures ended with small gains. Saudi Arabia oil minister reportedly warned OPEC members that oil could drop to $50/bbl if cheaters failed to comply with agreed production cuts.

Opec sticks to plans

Opec sticks to plans as oil prices surge after Iran's missile attack on Israel

Senior ministers from Opec and its allies have kept to current plans to reduce production. Crude prices have spiked due to concerns over a potential major production disruption following Iran's missile attack on Israel.

CNBC on MSN · 1d

Excess OPEC capacity keeping oil prices from spiking after Iran attack, says CIBC's Rebecca Babin

Rebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil price trends, impact of Iran's ballistic missile attack on Israel, Saudi oil minister's warning to fellow OPEC members,

Oil prices surge after President Biden says he's 'discussing' Israeli strikes on Iran

Oil prices rose after Joe Biden said he was discussing possible Israeli strikes on Iran’s oil infrastructure. Also: the sequel to the asteroid which killed off dinosaurs, and the 31-year treasure hunt for the Golden Owl.

15h

OPEC oil output drops in September on Libyan outage, Reuters survey finds

OPEC oil output fell in September to its lowest this year, a Reuters survey found on Thursday, as unrest disrupted Libyan ...

1h

OPEC+ could cushion Iran oil shock but not a broader disruption

OPEC has spare oil capacity to offset Iranian supply loss, but conflict escalation could impact global oil prices.

Crude Oil Prices12h

Reuters Poll Shows OPEC September Output At Yearly Low

A Reuters survey on Thursday shows September oil production from OPEC dropping to its lowest point this year, at 26.14 ...

1hon MSN

Goldman Sachs says crude could spike by $20 on Iran oil shock

It is estimated that "if you were to see a sustained 1 million barrels per day drop in Iranian production, that you would see ...

3d

Second oil company CEO conspired with OPEC to keep prices high, FTC charges

Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.

Opec sees world oil demand soaring through 2050, countering peak-oil predictions

Opec secretary general Haitham Al Ghais and his Opec research team unveiled the group's latest annual World Oil Outlook at ...

17h

Libya to Restart Oil Production, Ending Crisis

Libya will resume oil production starting Thursday, the OPEC nation’s oil minister, Khalifa Abul Sadeq, told Bloomberg in an ...

Business Insider Africa on MSN15h

Libya to resume oil production after central bank power feud

Libya is set to resume oil production on Thursday, bringing hundreds of thousands of barrels per day back to global markets ...

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