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Saudi Arabia shifts away from $100 target

Saudi Arabia to drop $100 crude target to win back market share, FT reports

Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, the Financial Times reported on Thursday, citing people familiar with the matter.

Hosted on MSN · 10h

Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output

invezz on MSN · 21h

Oil prices keep dropping: Saudi Arabia shifts away from $100 target as it aims to reclaim market dominance

Saudi Arabia's upcoming oil production increase is set to push prices down further, signalling a shift from its $100 per barrel target to focus on market share. Global oil markets brace for change.

Gulf Business · 3h

Saudi Arabia ditches $100 crude target to win back market share

Saudi Arabia’s move comes as oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers like the US.

The Financial Times · 1d

Saudi Arabia ready to abandon $100 crude target to take back market share

Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in a sign that the kingdom is resigned to a period of lower oil prices, according to people familiar with the country’s thinking.

20h

Saudi Arabia's MC4 to raise $229 mln after IPO priced at top of range

Saudi Arabia's Fourth Milling Company (MC4) said on Thursday it is set to raise $229 million from an initial public offering ...

Anadolu Ajansi2h

At UN, Saudi Arabia announces international alliance to establish Palestinian state

Right to self-defense cannot justify killing of tens of thousands of civilians,’ says Saudi Foreign Minister Faisal bin ...

Arabian Business52m

Saudi Arabia launches Riyadh non-profit foundation to boost social development

Saudi Arabia has announced the establishment of the Riyadh Non-profit Foundation and its board of directors. The decision to ...

Gulf Times30m

Saudi Arabia announces global alliance to implement the two-state solution

The Kingdom of Saudi Arabia announced the launch of a new Global Alliance dedicated to advancing the two-state solution to the Israeli-Palestinian conflict, on behalf of the ...

Paul Taubman’s PJT Eyes Saudi Arabia Growth After deNovo Deal

Wall Street advisory firm PJT Partners plans to increase its headcount in Saudi Arabia following the acquisition of ...

20hon MSN

Oil prices slide on prospect of Saudi Arabia raising output

Oil prices slipped on Thursday, reversing earlier gains, on a media report that Saudi Arabia, the world's top crude exporter, ...

16hon MSN

Blow to Putin's War Machine As Saudi Arabia Ramps Up Oil Production

Saudi Arabia is prepared to abandon its $100-a-barrel crude oil price target as it moves to increase output, signaling its acceptance of lower prices.

Energy Central5h

Saudi Arabia starts process on 4,500 MW-renewable energy projects

Saudi Arabia will add 4,500 megawatts of renewable energy to its grid after its procurement agency issued a request for ...

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