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Saudi Arabia s MBS says Aramco stake could be sold to a foreign investor

Oil price supercycle is unlikely, says the IEA

Oil price supercycle is unlikely, says the IEA CNN 4 days ago By Charles Riley, CNN Business © Simon Dawson/Bloomberg/Getty Images Crude oil storage tanks sit at the Juaymah Tank Farm in Saudi Aramco s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Arabia is seeking to transform its crude-dependent economy by developing new industries, and is pushing into petrochemicals as a way to earn more from its energy deposits. Photographer: Simon Dawson/Bloomberg via Getty Images Will crude oil prices continue their recent dramatic boom as the pandemic recovery takes hold? Perhaps not.

Oil prices surge as OPEC and its allies extend production cuts

Oil prices surge as OPEC and its allies extend production cuts CNN 3/4/2021 By Charles Riley, CNN Business © Simon Dawson/Bloomberg/Getty Images FILE: Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. All eyes are on this weekends G-20 summit in Argentina, where Russias Vladimir Putin and Saudi Arabias Mohammed bin Salman are likely to discuss how to coordinate oil policy. The nations are in talks over the timing of any reduction in supply, Reuters reported Thursday, a week before producers are due to meet in Vienna to discuss the market and a possible cut in 2019. Photographer: Simon Dawson/Bloomberg via Getty Images

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