The Oil Market Has Shifted Into A New Cycle | OilPrice.com Premium Content By Editorial Dept – Jun 09, 2023, 9:08 AM CDT Saudi Production Cuts Provide Early Boost to Crude Oil Prices Monday began with a surge in U.S. WTI crude oil prices, driven by Saudi Arabia’s announcement of an additional production cut of...Continue Reading

Saudi Arabia’s Oil Earnings Drop | OilPrice.com Premium Content By Editorial Dept – Jun 09, 2023, 9:06 AM CDT 1. Saudi Arabia Takes One for the Team – Saudi Arabia’s decision to unilaterally cut 1 million b/d of production in July 2023 has so far been backfiring as oil prices dropped back to levels seen...Continue Reading

Tensions Between The Wagner Group And Russia’s Military Mount | OilPrice.com Premium Content By Editorial Dept – Jun 09, 2023, 9:05 AM CDT Energy Markets The biggest news of the week in oil markets is, of course, the newest round of OPEC+ production cuts that came out of the June 4 meeting, and which initially...Continue Reading