OPEC maintains oil demand forecast despite supply cuts
The Organization of the Petroleum Exporting Countries (OPEC) has left its forecast for the global oil market mostly unchanged. Despite supply cuts from Saudi Arabia and Russia, which are set…
Energy Companies Feel Effects of Inflation, but Hold Steady
Shares of energy companies experienced a slight dip in the market, although not as significant as the overall decline. This sector is still considered a beneficiary amidst another wave of…
Lucid Jumps Nearly 7% After Deal of 100,000 EVs by Saudi Arabia
(Lucid) Shares of Lucid Group rose almost 7% on Wednesday after announcing that Saudi Arabia would purchase up to 100,000 of its electric vehicles. The company said the Government of…
Saudi Arabia Reportedly Holding Talks With Beijing to Sell Its Oil in Yuan
(WSJ) Saudi Arabia is reported to consider selling some of its oil to China in yuan, with talks between the two countries underway. If the deal materializes, it is expected…