Wednesday, July 8, 2026
OPEC

Saudi Arabia’s Balancing Act with the Price of Oil

At much over $75 a barrel, growth slows and conservation kicks in From the Financial Times For Saudi Arabia, the rebound in the oil price over the past year has been a strategic triumph. Its diplomacy, including an entente with longstanding rival Russia, led to a late 2016 agreement between Opec and other large producers, restricting oil supply. The deal

As Permian and Canadian Crude Output Hits Pipeline Limits, Lower Supply is a Threat

Investors not appreciating impact of tight capacity as yet: analyst From Bloomberg North America’s great oil surge of 2018 amid the highest oil prices in more than three years is threatened by pipeline gridlock from West Texas to Alberta and oil investors have yet to fully appreciate the implications, according to Energy Aspects Ltd. North America will contribute about 1.2