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CATEGORY: opec

Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 09, 2023 02:15

Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review

The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve currency is undermined, it might happen later than some expect. [...]

The post Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review appeared first on Crypto Breaking News.

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Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 08, 2023 10:30

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision [...]

The post Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner appeared first on Crypto Breaking News.

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Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 06, 2023 05:50

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters [...]

The post Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’ appeared first on Crypto Breaking News.

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Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 04, 2023 05:55

Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase

Following a quarter-point increase in the federal funds rate by the Federal Reserve on Wednesday, precious metals such as silver and gold experienced a surge in value against the U.S. dollar, with gains ranging from 0.87% to 1.18%. Gold, in particular, has been on an upward trajectory, having risen by 3.4% in the past month [...]

The post Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase appeared first on Crypto Breaking News.

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US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 04, 2023 10:35

US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States

After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that [...]

The post US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States  appeared first on Crypto Breaking News.

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Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 03, 2023 10:30

Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials

Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota for another month, according to a statement from the Saudi [...]

The post Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials  appeared first on Crypto Breaking News.

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BTC price double top forming? 5 things to know in Bitcoin this week
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 03, 2023 02:10

BTC price double top forming? 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week in volatile territory as news of an oil supply cut delivers a choppy start to the week. Still caught at major historical resistance, BTC/USD delivered an unappetizing weekly close on the back of news that oil production cuts will now enter. A subsequent rebound may show bulls’ mettle, but [...]

The post BTC price double top forming? 5 things to know in Bitcoin this week appeared first on Crypto Breaking News.

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Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 03, 2023 05:50

Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and [...]

The post Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now appeared first on Crypto Breaking News.

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