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    Jan 28 2018  Saudi Arabia which essentially runs OPEC has put a floor under the oil price probably around 50 a barrel with its limits on output and exports over the last four years

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    Jul 05 2021  Saudi Arabia s energy minister pushed back on Sunday against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC

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    Jul 05 2021  1 Increase and extension Saudi Arabia top producer in the Organization of the Petroleum Exporting Countries Opec is among those keen to see output raised in stages by a total of 2 million barrels per day bpd between August and December and then an extension of remaining cuts until end 2022 from current plans to cut until next April

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    Jul 05 2021  Saudi Arabia maintains the entire package deal must be considered Monthly 400 000 b/d rises would wipe out the group s remaining 5 8 million b/d in cuts by September and an extension through December would provide some flexibility if the increases need to be paused due to market conditions or a new Iran nuclear deal

  • EconEdLinkThe Price of Gasoline What s Behind It

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  • Saudi Arabia pushes back on UAE opposition to OPEC deal

    Jul 04 2021  DUBAI Reuters Saudi Arabia s energy minister pushed back on Sunday against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC deal and called for compromise and rationality to secure agreement when the group reconvenes on Monday It was a rare public spat between allies whose national interests have increasingly diverged spilling over into