The Wall Street Journal

Saudi Arabia and Russia win big in gamble on oil cuts

Saudi Arabia and Russia win big in gamble on oil cuts
Forecasters are predicting a worldwide deficit of 3.3 million barrels a day in the fourth quarter. (Image: Getty)
The Wall Street Journal
Saudi Arabia and Russia have raked in billions of dollars in extra oil revenues in recent months despite pumping fewer barrels after their production cuts sent crude prices soaring.The cutbacks were a risky strategy, both financially and politically. But they appear to be paying off for the two most important members of the Organization of the Petroleum Exporting Countries (Opec) and its Russia-led allies, or the Opec+ cartel. Price increases are more than making up for the reduction in sales volume, according to calculations by consulting firm...

More World

Morocco volunteers on Sahara clean-up mission
World

Morocco volunteers on Sahara clean-up mission

Some 50 people, gloved and equipped with rubbish bags, toiled away for five hours.

AFP 5:00am
US bonds have never been risk-free, and never will be
Bloomberg Opinion

US bonds have never been risk-free, and never will be

 It will still be a low-risk asset and in high demand. 

Meta and Apple just got slapped by Europe’s new rulebook
Technology Opinion

Meta and Apple just got slapped by Europe’s new rulebook

The era of the speeding ticket may well be over.

Bloomberg 25 Apr 2025
The currents of US currency
Books

The currents of US currency

Could the US dollar's reign be coming to an end?