Brent crude prices hit $23.03 a barrel on Monday morning during Asia hours – the lowest level since Nov. 15, 2002.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…0 Views | the publication reaches you by | Saudi Arabia Today
U.S. West Texas Intermediate (WTI) crude futures briefly dipped below $20 per barrel to $19.90 – their lowest level since March 20, when they fell as low as $19.50. WTI was last 4.51% lower at $20.54 per barrel.
Those declines come as Saudi Arabia signaled no breakthrough in the oil price war with Russia.
On Friday, the two countries were still at a stalemate, with Saudi Arabia saying it was not in talks with Russia to stabilize oil markets despite Washington stepping in to pressure both sides to end the price war.
“Russia and Saudi Arabia show no signs of compromising in their standoff over oil supply,” National Australia Bank’s Rodrigo Catril wrote in a Monday note.
The project for the design, engineering and procurement of the new 400,000m3/day Jubail II seawater reverse osmosis (SWRO)…0 Views | the publication reaches you by | Saudi Arabia Today
Do you have information you want to reach our readers?