Post Tagged with: "Saudi Arabi"

Source: CNBC

Oil jumps 5% as traders await OPEC+ meeting on extending supply cuts

CNBC

Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to align themselves with the deal.

Source: CNBC

Brent crude 

Commodities Corner: Why a Saudi Arabia-Russia deal to cut oil output would mean nothing without U.S. cooperation

Commodities Corner: Why a Saudi Arabia-Russia deal to cut oil output would mean nothing without U.S. cooperation

360 Feedwire


A deal to rescue the oil market has to involve Saudi Arabia and Russia, but would not be complete without the cooperation from the United States, the world’s largest crude producer.

Oil prices on Friday posted their largest …

Saudi Arabia’s ACWA Power, Uzbekistan sign $2.5bn energy agreements

Saudi Arabia’s ACWA Power, Uzbekistan sign $2.5bn energy agreements

Gulf Business


The agreements include the construction of a 1,500MW Combined Cycle Gas-Turbine power plant and a 500-1000MW wind farm

On Sunday, Saudi Arabia’s utility developer ACWA Power revealed that it had signed three agreements, potentially worth up to $2.5bn, …

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

From Reuters


Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.…