CLYDE RUSSELL: Saudi decisions hint at worries over crude oil demand; World's largest oil exporter will maintain its voluntary production cut until the end of 2023

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  • Author(s): By:Clyde Russell
  • Source:
    Business Day: Web Edition Articles (Johannesburg, South Africa), November 8, 2023 Opinion, 3pp
  • Additional Information
    • Abstract:
      Launceston — Saudi Arabia made two recent decisions that on the surface seem to indicate a steady crude oil market outlook but may point to a ticking up in concern over the state of demand. The world's largest oil exporter said it will keep prices for its benchmark crude grade steady for Asian customers for December cargoes, and also announced that it will maintain its voluntary production cut until the end of 2023...