• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 49 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 4 days Can Solar Panels Regenerate Prairies?
  • 4 days Canada’s Carbon Capture Ambitions Have Hit A Roadblock
The Real Reason For Saudi Arabia’s Oil Production Cuts

The Real Reason For Saudi Arabia’s Oil Production Cuts

Saudi Arabia's energy minister, Abdulaziz bin Salman, asserts that recent oil production cuts are based on global demand concerns, not a tactic to raise prices.

Latest Energy News

More Editorials

Russia Curbs Gasoline And Diesel Exports To Stabilize Domestic Prices

Russia is temporarily restricting its exports of diesel and gasoline in order to stabilize fuel prices at home.

20 hours ago

China’s Coal Imports From Russia And Australia Soar

China is importing record volumes of coal, with purchases from both Russia and Australia at multi-year highs.

23 hours ago

Longevity Of $100 Oil Comes Down To Who’s Right About The Saudis

Predicting the future of oil prices is less a game about fundamentals than it is about determining whether the Saudis are cutting output to jack up prices to balance their 2023 budget, or whether they truly see a need to stabilize the market.

1 day ago

Saudi Energy Minister Sets Record Straight On Oil Prices

Saudi Arabia extended its oil production cuts to stabilize the market and reduce volatility, despite accusations of driving up prices for its fiscal benefit.

1 day ago

Alberta's Big Bet: Ditch Emissions, Not Oil

Alberta's Premier asserts the province will shift away from emissions while maintaining its oil production, relying on carbon capture technologies and hydrogen from natural gas.

1 day ago

Venezuela Is Not A Solution To Colombia’s Natural Gas Crisis

Colombia's plan to import natural gas from Venezuela faces insurmountable challenges due to Venezuela's economic troubles, non-operable pipelines, and political complexities.

2 days ago
More Articles





ADVERTISEMENT



Oilprice - The No. 1 Source for Oil & Energy News