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Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost

Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost

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Saudi Arabia, the world’s biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in four years on Wednesday, in what the market sees as the country’s attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ […]

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Asian shares slide as Russia-Ukraine conflict, OPEC+ output plan push oil prices higher

Asian shares slide as Russia-Ukraine conflict, OPEC+ output plan push oil prices higher

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HONG KONG — Global shares sank on Monday and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty. The future for the S&P 500 lost 0.5% while that for the Dow Jones Industrial Average gave up 0.4%. Germany’s DAX retreated 0.4% to 23,891.11 and the CAC 40 in Paris declined

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Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets

Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets

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A turbulent week for global energy markets saw oil prices slide amid OPEC+ uncertainty and escalating U.S.-China tensions. The double whammy of OPEC+’s unpredictability and Donald Trump’s heated rhetoric over China ‘totally violating its agreement’ with the US put oil prices under renewed pressure, sending ICE Brent slightly below $64 per barrel with WTI balancing

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Ahead of Market: 10 things that will decide stock market action on Friday

Ahead of Market: 10 things that will decide stock market action on Friday

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Saudi Arabia to Review Spending Priorities After Oil Price Slide

Saudi Arabia to Review Spending Priorities After Oil Price Slide

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Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info By Tsvetana Paraskova – May 29, 2025, 8:20 AM CDT Saudi Arabia will review its spending priorities after the oil price decline, and will consider whether to delay or accelerate

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