Saudi Arabia Is Comfortable With Brent Oil Above $80

Saudi Arabia is now comfortable with Brent oil prices rising above $80 a barrel, at least in the short term, as the global market adjusts to the loss of Iranian supply from U.S. sanctions, according to people familiar with the kingdom’s view. The world’s largest exporter has tried to keep crude from trading above $80
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Saudi Arabia is putting its crude production capabilities – and its ability to balance the oil market – to the test. The kingdom finds its oil production policy at a crossroads, with the need to appease allies countered by its desire for higher prices to balance its books. Urged by US President Donald Trump to
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A comprehensive Stanford-led analysis in Science finds that Saudi Arabia’s crude oil production has the lowest carbon emissions per barrel among major petro-players. Why it matters: Upstream production (before it’s refined and used in cars, etc.) accounts for 5% of all greenhouse gas emissions from global fuel combustion, the study finds, which could have ramifications
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Top oil exporter Saudi Arabia is expected to keep prices for the light crude grades it sells to Asia largely unchanged in October from the previous month to keep its oil competitive against other suppliers, several trade sources said on Monday. Saudi Arabia has cut the prices for Arab Light and Arab Extra Light to
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A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers after Riyadh froze new trade with Canada and ruled out mediation efforts. Saudi Arabia, angered by Canada’s demand last week that jailed activists in the kingdom be freed
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The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting build-up in their stockpiles should at least help them offset the drop in Iranian supplies as U.S. sanctions start to bite deeper. Crude oil exports from the five Persian Gulf Arab members of OPEC
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 Saudi Arabia has banned frozen and processed fruit and vegetable imports from Kerala amid concerns over the deadly Nipah virus outbreak. On May 29, the United Arab Emirates (UAE) banned imports from Kerala. UAE officials announced that 100 tonnes of fruit, vegetables and fresh produce that was to be imported from Kerala was prohibited from
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