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Saudis Stay Cautious on Oil Production, Despite Warnings

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2 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

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

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Business

Stocks Keep Record Highs on Renewed US-Iran Hopes | The Close 5/1/2026

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May 7, 2026

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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the …

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GameStop Makes $56B Bid For eBay, M&A Animal Spirits Are Strong At Milken | Bloomberg Deals 5/6/2026

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May 7, 2026

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A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions …

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Iran War: Trump Pauses Plan to Guide Ships in Hormuz, Seeks Iran Deal | Daybreak Europe 5/6/2026

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May 7, 2026

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, …

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GameStop makes $56 billion bid for eBay, four times its size

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May 7, 2026

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GameStop is trying to buy eBay for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger.

The gaming retail chain has offered $125 per share in cash and stock for the online marketplace, or about a 20% premium to its Friday close.

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Corporations Contend With Iran Economic Fallout | Balance of Power: Early Edition 5/06/2026

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May 7, 2026

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On the early edition of Balance of Power, Bloomberg’s Joe Mathieu and Carol Massar discuss the geoeconomics impact of the US war with Iran, as both countries weigh a deal to end the conflict. Joe and Carol also discuss the current sports investment landscape as they talk to celebrated athletes and top league officials. On today’s show, Principal Asset Management chief global strategist Seema Shah, leader for Hogan Lovells’ Government Relations and Public Affairs Practice. Aaron Cutler, Driscoll’s CEO Soren Bjorn, Olympic Gold Medalist Breezy Johnson and chief revenue and philanthropic officer for US Ski & Snowboard Breezy Johnson, administrator for the Centers for Medicare & Medicaid Services Dr. Mehmet Oz, and NASCAR Hall of Famer and Vice Chairman of Henrick Motorsports Jeff Gordon and NASCAR chief operating officer Ben Kennedy.

Chapters:
00:00:01 – Balance of Power: Early Edition Begins
00:00:59 – Seema Shah, Principal Asset Management Chief Global Strategist
00:11:26 – CNN Founder Ted Turner passes away at age 87
00:12:28 – Aaron Cutler, Hogan Lovells, Government Relations & Public Affairs, Practice Leader
00:19:31 – Soren Bjorn, Driscoll’s CEO
00:24:29 – Breezy Johnson, US Olympic Gold Medalist & Trisha Worthington, US Ski & Snowboard Chief Revenue & Philanthropic Officer
00:32:06 – Dr. Mehmet Oz, Centers for Medicaid & Medicare Administrator
00:38:11 – Jeff Gordon, Hendrick Motorsports Vice Chairman & Ben Kennedy, NASCAR Chief Operating Officer
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