oil price war – Dnyan pravah news

Trump has opened the door to a new Saudi oil-price war

adminMay 9, 2025012 mins

Brent prices sank to a four-year low on Monday after Riyadh and its OPEC+ partners announced their second monthly supply hike in a row. The rout extended an earlier selloff triggered by fears that the U.S. trade war would send the world economy—and oil demand—into a tailspin. The decision to increase supply seems counterintuitive. Saudi…

Counter-intuitive: Why Opec wants lower oil prices

adminMay 7, 202508 mins

Ostensibly, the kingdom is trying to re-establish discipline among rogue producers: Kazakhstan, Iraq and the UAE are cheating on their output targets. To force them to relent, Riyadh has been voting at Opec+ meetings for higher production for the whole group, hoping that the ensuing price decline forces the cartel’s troublemakers to fall in line….