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Saudi Arabia’s Crown Prince Mohammed bin Salman.

Saudi Arabia reportedly wants OPEC to drive up oil prices to help the Aramco IPO

"The effort is aimed at bolstering oil prices and reminding potential Aramco investors of Saudi Arabia's considerable sway within OPEC," the WSJ wrote.

American oil output will overtake OPEC’s by 2024

OPEC, a group of 14 oil-producing countries including Saudi Arabia, released its World Oil Outlook on Tuesday.

Oil climbs to 6-week high after new Saudi energy minister signals more output cuts

US West Texas crude prices rose to a six-week high Monday following the news from OPEC.
Saudi Arabia's Oil Minister Khalid Al-Falih.

OPEC is stepping in as oil prices send an ominous signal about the global economy

Oil prices were lower following the move by OPEC, a signal that growth concerns have overwhelmed expectations for lower supply.

Oil is nearing its biggest weekly loss this year as demand and trade-war woes combine in a ‘recipe for disaster’

Rising US supply, weakening demand, and US-China trade fears are a "dangerous combination" and adding to trader concerns in oil markets.

Oil is rallying on supply worries after Trump threatens the ‘official end of Iran’

Oil prices jumped on Monday after OPEC signaled it would maintain supply cuts and President Trump threatened the "official end of Iran."

Oil prices soar after Trump tightens his squeeze on Iran, while Tehran threatens to close one of the world’s most important shipping lanes in re...

Oil prices hit a six-month high after the White House decided not to renew waivers due to expire in May for Iranian crude buyers.

Oil set for strongest quarter in a decade on OPEC-led cuts and trade talk optimism

Bullishness on a trade deal between the US and China, and supply cuts resulting from US sanctions on Iran and Venezuela have sent prices higher.

Stocks are up as traders shift focus to see just how ‘patient’ the Fed will be

"The prospect of low rates for longer is music to the ears of equities, as firms benefit from lower borrowing costs," said Jasper Lawler at London Capital Group.

Oil supply concerns mount as OPEC cuts output, US sanctions bite

Middle Eastern oil producers capable of filling a gap left by American energy sanctions have followed through with plans to slash production, raising concerns about global supply of heavy crude.