Tag Archives: AllOut

Saudis Plan Big Oil Output Hike, Beginning All-Out Price War

Saudis Plan Big Oil Output Hike, Beginning All-Out Price War

(Bloomberg) — Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. The world’s largest oil exporter started a price war on Saturday by slashing the prices it sells …

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