Oil minister says the country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts. Angola says it will leave the Organization of the Petroleum Exporting Countries (OPEC) over a disagreement regarding production quotas, a move that will bring the group down to 12 members. Speaking on…
Saudi Arabia, Russia and other members of OPEC+ agreed to voluntary output cuts for th first quarter of 2024. OPEC+ producers have agreed to voluntary oil output cuts for the first quarter next year in an attempt to boost the market, but crude prices fell after the move. Saudi Arabia,…
Some of Wall Street’s top CEOs spent the last week on a diplomatic mission to Saudi Arabia. It wasn’t touted as diplomacy, of course. The financiers who attended the Future Investment Initiative in Saudi Arabia, known as “Davos in the Desert,” are a well-scripted bunch who prefer to keep their…
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