Latest News for: Bin salman

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Saudi Arabia cuts oil output by 1 million barrels per day to boost sagging prices

Detroit news 05 Jun 2023
“This is a grand day for us, because the quality of the agreement is unprecdented,” Saudi Energy Minister Abdulaziz bin Salman said in a news conference, adding that the new set of production targets are “much more transparent and much more fair.” ... The cut follows bin Salman’s sharp warning to speculators betting on lower oil prices.
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Saudi Arabia slashes output further to boost oil price

Korea Times 05 Jun 2023
Saudi Arabia's fresh cut of one million barrels per day (bpd) is for July but "extendable", its Energy Minister Prince Abdulaziz bin Salman told reporters after the hours-long OPEC+ meeting at the group's headquarters in Vienna.
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US seeks to mend frayed Saudi ties with second high-level trip

The Daily Herald 05 Jun 2023
Saudi Crown Prince Mohammed bin Salman speaks during the Jeddah Security and Development Summit in Jeddah, Saudi Arabia, July 16, 2022 ... intelligence assessment that Saudi Crown Prince Mohammed bin Salman approved the operation to capture or kill Khashoggi.
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Saudi Arabia goes alone at OPEC+ with million-barrel cut

Japan Times 05 Jun 2023
Saudi Energy Minister Prince Abdulaziz bin Salman said he "will do whatever is necessary to bring stability to this market.” ... .
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Oil prices jump more than 2% after Saudi Arabia sets July production cut

Market Watch 05 Jun 2023
Market drivers ... See ... OPEC+ agreed last October to cut production by 2 million barrels a day ... Saudi Energy Minister Abdulaziz bin Salman last month warned that short sellers should “watch out” and that they would be “ouching” much like they did in early April, when the surprise cuts caused a sharp, but short-lived, spike in crude prices ... Advertisement. .
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Saudi Arabia slashing oil supply; could mean higher gas prices for U.S. drivers

The Day 05 Jun 2023
Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.” ... The slump in oil prices has helped U.S ...Gas is not going to become cheaper," Leon said ... U.S.
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Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers

The Post and Courier 05 Jun 2023
Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.” ... The slump in oil prices has helped U.S ...Gas is not going to become cheaper," Leon said ... U.S.
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US drivers likely to see higher gas prices

Eagle-Tribune 05 Jun 2023
Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.” ... The slump in oil prices has helped U.S ...Gas is not going to become cheaper,” Leon said ... U.S.
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'Do whatever's necessary': Saudi Arabia slashes oil production to boost prices

NewstalkZB 05 Jun 2023
The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed in a meeting in Vienna to extend earlier production cuts through next year. Calling the reduction a "lollipop," Saudi Energy Minister Abdulaziz bin Salman said at a news conference that "we wanted to ice the cake." ... The kingdom's share was 500,000 ... .
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Saudi Arabia to slash oil supply; could mean higher gas prices for US drivers

Newburyport Daily News 05 Jun 2023
Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.” ... The slump in oil prices has helped U.S ...Gas is not going to become cheaper,” Leon said ... U.S.
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Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers (Business)

Castanet 05 Jun 2023
drivers and helped ease inflation worldwide ... Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.” ... U.S ... ....
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Pétrole: Ryad prévoit de nouvelles baisses de la production dans le cadre de l'accord Opep+ ...

Boursorama 05 Jun 2023
Photo du ministre saoudien de l'Energie, le prince Abdulaziz bin Salman Al-Saud, arrive pour une r�union de l'OPEPVienne. par Maha El Dahan, Alex Lawler et Ahmad Ghaddar ... L'Opep+, qui regroupe l'Organisation des pays exportateurs de p�trole et leurs alli�s emmen�s par la Russie, produit environ 40% du brut mondial ... Valeurs associ�es ... PEA.
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AP News in Brief at 9:04 p.m. EDT

North Shore News 05 Jun 2023
Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.”.
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AP News in Brief at 6:04 p.m. EDT

Crossville Chronicle 05 Jun 2023
Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.”.

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FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021.
AP / Amr Nabil, File
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