Topics

Posted 9/6/2023, 8:11:00 AM

Oil prices are more important to Saudi Arabia and Russia than market share: Kpler

Oil prices more important to Saudi Arabia & Russia than market share
Cooperation between Saudi Arabia & Russia on oil production unprecedented
World being divided into producers against consumers
Share Street Signs Asia
Viktor Katona of Kpler says oil cooperation unprecedented

cnbc.com

Relevant topic timeline:

9/4/2023

APPEC: India's active Russian crude purchases benefiting other Asian refiners

India's intake of Russian crude oil is seen as mutually beneficial for both countries, South Korea and Japan manage to secure enough Saudi crude despite output cuts, and executives state that the G7 price cap is not intended to halt the flow of Russian oil.

9/5/2023

Saudi Arabia and Russia Extend Oil Production Cuts Through December

Saudi Arabia and Russia have announced that they will extend their cuts in oil supplies through the rest of 2023, pushing oil prices higher.

9/5/2023

Oil Prices Soar To 2023 Highs—Threatening Higher Prices At The Pump After Output Cuts

Crude oil prices reached their highest level of the year after Saudi Arabia and Russia agreed to cut output, raising concerns about gasoline prices for American consumers.

9/6/2023

Oil could hit $107 due to Saudi Arabia's and Russia's supply cuts, Goldman Sachs warns

Oil prices could reach triple-digit territory by next year if Russia and Saudi Arabia maintain their aggressive supply cuts, according to Goldman Sachs, with Brent crude potentially climbing to $107 a barrel by December 2024.

9/8/2023

Saudi Arabia Aims to Boost Oil Exports to China, Regain Lost Market Share from Russia

Saudi Arabia is set to increase its crude supplies to China as new refining capacity lifts offtake, aiming to regain lost market share in the country. Meanwhile, China's huge zinc imports have revived hopes for economic growth in the second half of 2023.

9/9/2023

OPEC+ Supply Cuts Drive Oil Prices Higher, Risk Stoking Inflation Despite Fragile Demand

The tightening of oil supply and the alliance between Saudi Arabia and Russia to push for higher prices raises concerns for consumers as fuel costs surge, potentially impacting the global economy and inflation rates.

9/9/2023

Oil Prices Surge as Saudi Arabia and Russia Limit Supply While Demand Remains High

The price of oil is surging as Saudi Arabia and Russia cut output, creating a supply deficit that is driving up prices and threatening a fragile global economy with inflation and potential interest rate hikes.

9/11/2023

Russia Invests Billions to Upgrade Logistics and Infrastructure

Saudi Arabia is actively seeking to exchange experience with nations around the world to ensure its sustainable development and achieve its goal of carbon neutrality by 2060, with a focus on economic, social, and environmental sustainability.

9/16/2023

U.S. Engages Saudi Arabia to Ensure Oil Supply Stability Amid OPEC+ Output Cuts

The United States is in regular contact with Saudi Arabia to ensure a stable and affordable supply of energy to global markets, according to National Security Advisor Jake Sullivan. This comes as cuts in oil output by Saudi Arabia and Russia are expected to result in a significant market deficit.

9/22/2023

Oil Prices Rise on Supply Concerns After Russia Bans Fuel Exports

The recent global supply concerns caused by Russia's fuel export ban are driving up oil prices, counteracting the demand fears driven by macroeconomic headwinds and high interest rates.

Topics

Posted 9/6/2023, 8:11:00 AM

Oil prices are more important to Saudi Arabia and Russia than market share: Kpler

Oil prices more important to Saudi Arabia & Russia than market share
Cooperation between Saudi Arabia & Russia on oil production unprecedented
World being divided into producers against consumers
Share Street Signs Asia
Viktor Katona of Kpler says oil cooperation unprecedented

cnbc.com

Relevant topic timeline:

9/4/2023

APPEC: India's active Russian crude purchases benefiting other Asian refiners

9/5/2023

Saudi Arabia and Russia Extend Oil Production Cuts Through December

Saudi Arabia and Russia have announced that they will extend their cuts in oil supplies through the rest of 2023, pushing oil prices higher.

9/5/2023

Oil Prices Soar To 2023 Highs—Threatening Higher Prices At The Pump After Output Cuts

Crude oil prices reached their highest level of the year after Saudi Arabia and Russia agreed to cut output, raising concerns about gasoline prices for American consumers.

9/6/2023

Oil could hit $107 due to Saudi Arabia's and Russia's supply cuts, Goldman Sachs warns

9/8/2023

Saudi Arabia Aims to Boost Oil Exports to China, Regain Lost Market Share from Russia

9/9/2023

OPEC+ Supply Cuts Drive Oil Prices Higher, Risk Stoking Inflation Despite Fragile Demand

9/9/2023

Oil Prices Surge as Saudi Arabia and Russia Limit Supply While Demand Remains High

9/11/2023

Russia Invests Billions to Upgrade Logistics and Infrastructure

9/16/2023

U.S. Engages Saudi Arabia to Ensure Oil Supply Stability Amid OPEC+ Output Cuts

9/22/2023

Oil Prices Rise on Supply Concerns After Russia Bans Fuel Exports

The recent global supply concerns caused by Russia's fuel export ban are driving up oil prices, counteracting the demand fears driven by macroeconomic headwinds and high interest rates.