chinese oil giants face steep losses, set to cut

Chinese oil giants face steep losses, set to cut

Chinese oil giants face steep losses, set to cut production, dividends as Saudi Arabia stokes price war, analyst says

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russia steals chinese oil market share from saudi arabia

Russia Steals Chinese Oil Market Share From Saudi Arabia

Russia and Saudi Arabia will always compete for top market share in the Chinese oil market though Russia has the advantage of being able to ship its oil to China by pipelines.

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2020 russia–saudi arabia oil price war

2020 Russia–Saudi Arabia oil price war

In September 2016, Saudi Arabia and Russia agreed to cooperate in managing the price of oil, creating an informal alliance of OPEC and non-OPEC producers that was dubbed "OPEC+." By January 2020, OPEC+ had cut oil production by 2.1 million barrels per day (bpd), with Saudi Arabia making the largest reductions in production.

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saudi arabia’s increases oil production daily capacity

Saudi Arabia’s Increases Oil Production Daily Capacity

Aramco Saudi Arabia’s majority state-owned oil company announced today that it would ultimately increase production capacity to 13 million barrels per day in defiance of Russia. The majority state-owned company’s announcement, made on the Saudi Tadawul stock exchange, did not specifically

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u.s. set to press saudis to restrain oil production surge

U.S. Set to Press Saudis to Restrain Oil Production Surge

The U.S. plans to press Saudi Arabia to restrain its scheduled oil production boost by leveraging the kingdom’s status as head of the G-20, according to people familiar with the matter.

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saudi arabia’s radical new oil strategy by bernard haykel

Saudi Arabia’s Radical New Oil Strategy by Bernard Haykel

Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman (MBS) had hoped to avert an oil market crash by reducing oil output in line with falling demand. But talks with Russia collapsed a day earlier, after Moscow refused to join a production cut proposed by the Saudi-led Opec.

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saudis shed light on oil production increase that rattled

Saudis shed light on oil production increase that rattled

Saudi Arabia, the world’s biggest oil exporter, has spelled out details of the dramatic increase in its production that prompted Monday’s huge falls in global stock markets and is regarded as

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chinese oil giants face steep losses, set to cut

Chinese oil giants face steep losses, set to cut

Saudi Arabia promptly slashed its crude prices, stoking price war concerns. PetroChina and China Petroleum & Chemical or Sinopec, are expected to trim their annual production by 2 to 3 per cent, similar to that seen in the last oil recession in 2014, according to Neil Beveridge, senior analyst in Hong Kong at Sanford C. Bernstein & Co.

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