Saudi Arabia is said to be considering dropping its unofficial price target of $100/bbl in favour of chasing market share. Concerns around the wars involving Israel and Iran and its proxies could help to sustain oil prices, although there is a risk of a disorderly break-up of the Opec+ agreement between oil cartel Opec and other major producers including Russia.
Issue 1192 - 02 October 2024
Even before the new Gaza war shattered comfortable assumptions about regional security, the global economic climate had been hostile, as shown in analysis of the International Monetary Fund's new reports on the global outlook and regional economic performance.
Issue 1179 - 27 October 2023
Iran, Kuwait, Saudi Arabia, Bahrain, Yemen, Oman, United Arab Emirates (UAE), Palestine, Iraq, Qatar
Economy & business, Business, Economy, Oil & gas, Politics & people, Politics
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Jon Marks
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