OPEC+ members extend production cuts
Oil prices surge for six consecutive weeks amid supply cuts
Oil prices surge for six consecutive weeks amid supply cuts
Riyadh is no longer willing to toe Washington’s line and its interests now reign supreme
A new crude oil bloc seems to be taking shape, apparently at the cost to the U.S. and the West
It would be a crippling blow to the influence of the organization on the global oil markets
Saudi Arabia is feeling the pressure, but the prospect of a ‘crude’ divorce between Moscow and Riyadh seems premature
U.S. commitment to Saudi security is waning, opening the doors to China
And that will have consequences for the rest of the world
Washington is not as important to Riyadh as it used to be
Ultimately – or after the U.S. mid-terms – the animosity will cool down
Putin’s War has lifted the Gulf states out of an almost decade-long economic slump
The prospects of a global economic slowdown are beginning to hit oil demand
Saudi Arabia isn’t ready to ditch Russia
An intense tug of war is being waged on the global crude horizon