Insights and Stories on Saudi Arabia

crude oil markets after saudi arabia production cut

Extent of Saudi oil production cut unclear

Jun. 6, 2023 at 1:19 pm CDT

MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures […]

Saudi Arabia highly dependent on grain imports

Apr. 4, 2023 at 1:17 pm CDT

By MarketsFarm

Tax, competition expected to prolong Russian wheat export season

Aug. 23, 2021 at 3:40 pm CDT

By Polina Devitt

Saudi Arabia completes first phase of flour mill privatization

Jul. 8, 2020 at 5:45 pm CDT

By maha-el-dahan Saeed Azhar Tom Arnold

China-Australia row to reshuffle trade in bulging barley market

May. 22, 2020 at 10:11 pm CDT

By Reuters

USDA’s supply and demand report largely stands pat

Mar. 10, 2020 at 7:33 pm CDT

MarketsFarm — Any changes in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) on Tuesday were few and far in between when it came to corn, wheat and soybeans; what the markets largely expected. However, there were some small revisions to the department’s global […]

By Glen Hallick - MarketsFarm

Oil price war spells bad news for Canada, global market

Mar. 9, 2020 at 3:20 pm CDT

MarketsFarm — Benchmark crude oil prices plummeted 30 per cent on Monday, after a price war erupted between Saudi Arabia and Russia. While that will mean lower prices at the pumps for consumers, the price war will not bode well for the Canadian economy, according to a pair of industry […]

By Glen Hallick - MarketsFarm

U.S. grains: Wheat hits three-month high on signs of tightening supplies

Oct. 18, 2019 at 6:41 pm CDT

Chicago | Reuters — Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. Soybean futures rose on worries about the size of the U.S. harvest while corn fell on disappointing weekly U.S. export sales. At the Chicago […]

By Julie Ingwersen

Canada’s fuel prices to rise after attack in Saudi Arabia

Sep. 16, 2019 at 8:01 pm CDT

MarketsFarm — Following an attack on two major oil facilities in Saudi Arabia, consumers can expect a small rise in fuel prices in the days to come. The attacks on Saturday hindered the production of about 5.7 million barrels of oil per day. On Monday morning, crude oil prices were […]

By Marlo Glass – MarketsFarm

U.S. grains: Soy, corn close higher

Aug. 8, 2019 at 7:17 pm CDT

Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there […]

By Barbara Smith

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