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Brent crude could reach $95 a barrel after OPEC’s surprise production cut, according to Goldman Sachs. The firm boosted its price forecast from $90 for December 2023 after OPEC+ announced…
Editor’s Note: A version of this story appears in today’s Meanwhile in the Middle East newsletter, CNN’s three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE…
London CNN Business — Indonesia produces more nickel than any other country. As demand soars for batteries to power the energy transition, that presents a huge opportunity, and the archipelago…
Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November. Vladimir Simicek | Afp | Getty Images An…
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg |…
A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according…
Some of Wall Street’s top CEOs spent the last week on a diplomatic mission to Saudi Arabia. It wasn’t touted as diplomacy, of course. The financiers who attended the Future…
A video of a Saudi Arabia’s prince went viral on social media platform, depicting the royal threatening the West with “Jihad and martyrdom” in case of any punitive action against…
An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd…
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group…