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Tag Archives: Saudi increase oil output

Saudis May Re-Route Tankers if U.S. Imposes Crude Import Ban. (Good)

Oil tanker at sea

REUTERS, APRIL 22, 2020 By Jonathan Saul, Devika Krishna Kumar and Olga Yagova LONDON/NEW YORK/MOSCOW – Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Kingdom, shipping and trade sources say. Some 40 million barrels of Saudi oil are on their …

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OPEC+ meeting delayed as Saudi Arabia and Russia argue over oil price collapse

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia's Energy Minister Alexander Novak are seen at the beginning of an OPEC and Non-OPEC meeting in Vienna

REUTERS, APRIL 4, 2020 DUBAI/MOSCOW (Reuters) – OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified. The delay came amid pressure from U.S. President Donald Trump for the Organization of …

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Saudis Escalate Oil Price War With Huge Output Hike, Russia Follows

Russian Premier Vladimir Putin shakes Saudi Prince MBS hand

BLOOMBERG, March 10, 2020 🛢Riyadh prepares to flood the market with record crude supply 🛢Russia responds with signal that it can boost output to new high too By Matthew Martin, Javier Blas, and Grant Smith for BLOOMBERG Saudi Arabia escalated its oil price war with Russia on Tuesday, as its state-owned company pledged to supply a record 12.3 million barrels a day next …

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