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Saudi oil producers using cuts to navigate ‘potential problems’ in 2024 - Yahoo Finance

Yahoo Finance · last updated

Saudi oil producers using cuts to navigate ‘potential problems’ in 2024

Saudi Arabia and Russia extend their oil production cuts, putting a prolonged squeeze on the oil market. How exactly are their efforts panning out amid escalating Mideast tensions?

Vectis Energy's Tamar Essner joins Yahoo Finance Live to weigh in on oil prices and what geopolitical conflict could mean if it continues into 2024. Essner notes that Saudi Arabia “has not been happy with the oil prices” despite steady demand and believes that geopolitics and spare capacity would leave oil prices between $80 and $100.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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