Oil rises as Saudi comments outweigh recession concerns
Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing global recession worries and concern about China’s rising COVID-19 case numbers.
OPEC+ oil supply cuts could tip world into recession, IEA says
A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday.
Saudi to supply full crude volumes to at least 4 Asia buyers in June -sources
Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of crude as requested by at least four Asian refiners in June, five people with knowledge of the matter said on Tuesday.
