Why Saudi Arabia may ‘open the spigot’ on oil production — and crater crude prices

Date:

October 14, 2024

The possibly that Saudi Arabia will lift the “floodgates” on its oil production has climbed in recent weeks, fueled by ”deteriorating cohesion” among a group of major oil producers known as OPEC+, according to a report from Capital Economics released Monday.

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Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Why Saudi Arabia may ‘open the spigot’ on oil production — and crater crude prices

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