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At Close: Jun 04, 2026
Saudi Arabia needs more than higher oil prices to fund its grand plans
11:01am, Monday, 05'th Jun 2023
Riyadh knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.
Crude Oil Price Forecast – Crude Oil Markets Gap Higher
10:40am, Monday, 05'th Jun 2023
Crude oil markets gapped higher to kick off the week after OPEC extends production cuts, and doubles down on trying to push prices higher.
Saudi Pledges Extra Oil Output Cuts: 4 Sector ETFs to Win
09:25am, Monday, 05'th Jun 2023
In a surprise move, Saudi Arabia pledges to reduce its oil output further by a million barrels a day, causing a noticeable uptick in global oil prices.
Kpler: Saudi Arabia will do whatever it takes to keep oil prices close to $80 a barrel
07:33am, Monday, 05'th Jun 2023
Viktor Katona, lead crude analyst at Kpler, discusses Saudi Arabia's move to cut an additional 1 million barrels per day from July, and whether it will matter in the long run amid weak global demand.
Crude Oil Prices Rise 2.5% After Saudi Arabia Says It's Cutting 1 Million Barrels A Day
05:40am, Monday, 05'th Jun 2023
The Saudi government's decision to cut production further is an effort to help shore up the flagging price of crude oil, which has struggled to breach $80 per barrel in the past month.
Oil prices spike after OPEC+ meeting and Saudi Arabia's pledged production cut
03:52am, Monday, 05'th Jun 2023
Oil prices spike after the OPEC+ meeting and Saudi Arabia's decision to cut production. CNBC's Dan Murphy reports from Vienna.
Oil Price Forecast: Tighter Supply Expected as Saudi Arabia Slashes Output
12:56am, Monday, 05'th Jun 2023
Saudi Arabia's additional production cut of 1 million barrels per day aims to counteract macroeconomic challenges in the crude oil market.
White House focused on oil prices after OPEC+ move, official says
09:05pm, Sunday, 04'th Jun 2023
A White House official said on Sunday that the Biden administration is focused on oil prices and "not barrels" after Saudi Arabia planned to make a deep cut to its crude output.
Oil prices jump more than 2% after Saudi Arabia sets July production cut
08:16pm, Sunday, 04'th Jun 2023
Oil futures opened sharply higher Sunday evening, after Saudi Arabia agreed to deliver an additional 1 million barrel-a-day production cut next month as the Organization of the Petroleum Exporting Cou
Oil prices pop 2.5% after Saudi Arabia pledges more voluntary production cuts
07:32pm, Sunday, 04'th Jun 2023
Oil prices jumped following OPEC kingpin Saudi Arabia's decision to cut production by another million barrels per day.
Oil prices jump more than $2/bbl after Saudi pledges to cut more output
06:33pm, Sunday, 04'th Jun 2023
Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July.
OPEC+ Delivers A “Saudi Lollipop” For Oil Traders
04:45pm, Sunday, 04'th Jun 2023
Riyadh will cut 1 million barrels per day of production from the world's oil supply stream in July, following the conclusion of the latest OPEC+ meeting.
Oil prices could soar higher as Russia, others shrug off criticism from Biden administration
03:55pm, Sunday, 04'th Jun 2023
OPEC and allies led by Russia are considering further cuts to oil production on top of multiple earlier cuts, threatening to send the price for oil surging higher.
Saudi Arabia to slash oil production again as OPEC+ extends supply curbs
01:53pm, Sunday, 04'th Jun 2023
Saudi Arabia said it would slash oil output by another one million barrels per day for at least a month starting in July as part of an effort by the OPEC+ group of leading producers to shore up crude
Saudis to cut oil production by 1 million barrels a day in July as OPEC+ extends output deal
01:45pm, Sunday, 04'th Jun 2023
Saudi Arabia will voluntarily cut production by 1 million barrels a day in July, alongside an agreement by the Organization of the Petroleum Exporting Countries and its allies to stick to production t
