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Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.
October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

“$100 is no longer the ideal market price,” he said. “It’s good for producers but too high for consumers, leading to oversupply.”
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With oil prices continuing to slide, the pressure is building on the Organization of the Petroleum Exporting Countries (Opec) to reduce output at its meeting next month.
October 2nd, 2014 - 01:43 GMT

Saudi Arabia fights for market share: oil prices hit new 27-month low

Saudi Arabia expects to raise its output in the second quarter to satisfy higher demand from China and drive economic recovery elsewhere
February 21st, 2013 - 08:16 GMT

Saudi oil supply helps maintain prices

Al Bawaba
February 24th, 2008 - 01:47 GMT

Key Financial Institutions and the Global Economy and Capital Markets. Finance Leaders Conclude meeting in Dubai Hosted by the Dubai International Fi

Al Bawaba News

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