Post Tagged with: "oil cut extension"

Source: Reuters

ANALYSIS-Oil cut extension raises risk of Saudi economic contraction this year

Nasdaq


DUBAI – Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.

Riyadh says it aims …

Source: Reuters

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

Reuters


DUBAI/MOSCOW/LONDON – Saudi Arabia called on fellow OPEC+ members on Tuesday to be flexible in responding to oil market needs as it builds the case for a tighter oil production policy in 2021 to tackle weaker demand amid a …