Rashid Husain Syed - Calgary's Business

Politics helped drive latest Saudi oil production cut

Posted by Rashid Husain Syed | May 22, 2020

The need to generate cash, along with political pressure, compelled the Saudis to make some bitter decisions

Posted by Rashid Husain Syed | May 11, 2020

Until three months ago, the oil industry was looking at aviation and petrochemicals for continued demand growth

Posted by Rashid Husain Syed | May 4, 2020

Producing countries strive to reduce output while tankers carrying millions of barrels of crude oil head for ports

Posted by Rashid Husain Syed | Apr 27, 2020

He needs to do something to boost his electoral fortunes, with the presidential election looming in November

Posted by Rashid Husain Syed | Apr 20, 2020

As the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit