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Saudis Stay Cautious on Oil Production, Despite Warnings

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3 years ago

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Saudi Arabia’s energy minister Prince Abdulaziz bin Salman says the kingdom will remain cautious about raising oil production, even as several prominent analysts warn rising demand will soon cause prices to rise beyond $100 a barrel. Bloomberg’s Paul Wallace reports on what the remarks mean for oil prices.

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10 Comments

10 Comments

  1. @susanpritchard

    January 31, 2024 at 5:28 pm

    🙏 Absolutely nice update… Its right to say last year turns out to be less productive in all aspects of the financial market….. All hope was not lost, as a trader most of us was able to be on track mostly when it comes to BITCOIN DAY TRADING by actively earning daily because of the accurate signals and guidance provided by Kenny Redding's…. Within duration of 6 weeks i was able to accumulate a total of 7.6btc having traded with my initial 0.8btc…

    Reply

  2. @ahmedalsharman

    January 31, 2024 at 5:28 pm

    Lol 😅 Oil is crashing, why they need to increase supply !! They should cut instead.

    Reply

  3. @Gww376

    January 31, 2024 at 5:28 pm

    Pour on drilling ,they will bend…scared

    Reply

  4. @federalreservewolflegend3523

    January 31, 2024 at 5:28 pm

    Most intelligent people are aware Sauds are almost out of oil and are drinking the last of their oil wells atm.

    Reply

  5. @lesliehatun2044

    January 31, 2024 at 5:28 pm

    Everyone wants 100 bucks per barrel WHICH is not conducive for INFLATION. War profiteering is off the charts.

    Reply

  6. @MrRandyfive

    January 31, 2024 at 5:28 pm

    In Melbourne Australia… petrol just rose by 50 cents per litre over night…… And she’ll just made $40,000,000,000 in profits…… something going on.

    Reply

  7. @allon33

    January 31, 2024 at 5:28 pm

    ha ha

    Reply

  8. @leebruce9668

    January 31, 2024 at 5:28 pm

    What industry can you control production expect the oil industry. What a joke. If you did it in any other industry you would be fined throwned in jail.

    Reply

  9. @jayjackson88

    January 31, 2024 at 5:28 pm

    $7 Trillion

    Reply

  10. @donelpatterson9036

    January 31, 2024 at 5:28 pm

    $$$.. * FFIE.. Sun News Release.. Faraday Future. FF 91 SUV EV… Production Funding Secured.. The Ultimate Intelligence Tech Luxury SUV EV Arrives April 2023… A New Species of EV… $$$

    Reply

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Business

Intervention Efforts Failing to Turn Tide for Yen – 3-Minutes MLIV

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18 minutes ago

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August 5, 2026

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Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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Iran War Update and More: Trump Takes Questions in Oval Office (Full Q&A)

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August 5, 2026

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President Donald Trump said his latest offer of talks is a “last chance” for Iran after he called off what he said was a major attack on the Islamic Republic.  “I want to give them every last chance before decapitation,” Trump told reporters in the Oval Office. “You’ll find out today or tomorrow. I mean, they’re going to go quickly, one way or the other. It’s not very complex.”
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SpaceX Is a Compelling Investment, Gerber Says

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August 5, 2026

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SpaceX reports revenue of $7.8 billion for the second quarter, topping Wall Street estimates. But Elon Musk’s company reported an operating loss of $1.26 billion from its AI business. Ross Gerber of Gerber Kawasaki Wealth and Investment Management says SpaceX is still a compelling stock to own. He speaks on “Bloomberg The Close.”
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Chevron CFO on 2Q Earnings, Growth Plan and Iraq Accord

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August 5, 2026

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Chevron CFO Eimear Bonner discusses the company’s second-quarter earnings and strategy for operating amid the current geopolitical risks with Bloomberg’s Romaine Bostick on “Bloomberg The Close.”
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Bargain airfaresare under threatfrom AI pricing

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August 5, 2026

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The days of stumbling across a cheap seat on a popular flight may soon be over. K. Oanh Ha explains how airlines are adopting AI to squeeze more revenue from every flight.
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