Saudi Arabia

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Oil Up 4% On Saudi Rhetoric

Actions speak louder than words. Nope, strike that and reverse it. Rhetoric from Saudi’s oil minister today is emphatically rallying crude prices, as Khalid al-Falih said Saudi would ‘take any action to help the market…

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Oil futures mark lowest finish in a week

Oil futures settled Wednesday at their lowest level in a week after U.S. government data showed a weekly climb in crude inventories and a report from OPEC revealed record production from Saudi Arabia in July….

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Saudi Arabia Offers Hope For An Oil Price Rally

Crude oil prices hit a 10-week low on Tuesday, but one piece of data from Saudi Arabia could provide a glimmer of hope for those longing for an oil price rally. Saudi Arabia is burning…