Saudi Arabia Cuts Oil Prices, OPEC Increases Production, Geopolitical Tensions Impact Oil Prices
Oil prices are falling today. This is due to a significant price cut by Saudi Arabia, the world’s largest exporter, and an increase in production by the OPEC group, which offset supply concerns caused by escalating geopolitical tensions in the Middle East. Around 18:00 CET, the price of Brent North Sea crude fell by 3.96 … Read more