Page 8 - Commodity Strategy News Today

US-Saudi Relations Are Strained by Oil and Distrust

West creaks as Russia befriends the powerful Saudi snubbed by Biden

OPEC+ stunned the oil market, announcing additional surprise production cuts until the end of this year, and while several analysts raised their price forecasts towards $100 per barrel, others don’t agree

In a surprising move, Saudi Arabia and the OPEC+ group of producers have announced a cut in oil production of approximately 1.6 million barrels per day. While the move is aimed at achieving market stability, according to a recent report from the Financial Times, Saudi Arabia is attempting to adopt an economic strategy that is …<p class="read-more"> <a class="" href="https://www.cryptopolitan.com/saudi-arabia-cuts-ties-with-united-states/"> <spa...

Crude prices are rallying back following the U.S. banking debacle, but much will depend on the strength of both Chinese and U.S. demand in the next couple of months

Oil prices plunged on Friday morning as banking stocks in Europe crashed while the U.S. dollar rallied.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Hedge fund manager Pierre Andurand believes oil prices will surge to $140 per barrel by the end of this year as demand bounces back.

Oil prices continued to fall on Monday due to persistent fears of a banking crisis, with Credit Suisse shares plunging by 60%.

The price of silver soared on Monday, March 13, as its safe-haven appeal drew in investors scared by the recent collapse of Silicon Valley Bank (SVB). The price of the precious metal increased [...]