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Crude Oil - Saudi energy minister commits to crude capacity levels and climate targets

29-10-2024 02:41

Saudi Arabia is "committed" to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz bin Salman said on Tuesday.

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As Crude Fades, Big Oil Must Borrow to Pay Investors

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter, raising doubts over the payouts’ long-term sustainability.

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