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Grant Smith

Stay informed with Grant Smith’s coverage and analysis.

OPEC+ announces surprise oil production cut despite previous assurances
Finance
OPEC+ announces surprise oil production cut despite previous assurances
By Matthew Martin, Grant Smith and BloombergApril 2, 2023
OPEC+ opts to ‘hunker down’ amid surging volatility and market uncertainty, holds steady on oil production
Finance
OPEC+ opts to ‘hunker down’ amid surging volatility and market uncertainty, holds steady on oil production
By Salma El Wardany, Grant Smith, Ben Bartenstein and BloombergDecember 4, 2022
Saudi Arabia's Minister of Energy Abdulaziz bin Salman.
Retail
OPEC tries to keep oil prices high and cuts output by 2 million barrels in a move that Biden calls ‘unnecessary’
By Salma El Wardany, Grant Smith, Ben Bartenstein, Fiona MacDonald and BloombergOctober 5, 2022
A world map with OPEC countries illustrated as oil barrels with their respective flags.
Finance
OPEC is considering cutting oil output by 1 million barrels per day in a move that could add another shock to the global economy
By Salma El Wardany, Grant Smith and BloombergOctober 3, 2022
A convoy of Russian military vehicles moving towards border in Donbas region
Finance
Russia invasion of Ukraine pushes Brent oil past $100 a barrel for first time since 2014
By Grant Smith and BloombergFebruary 23, 2022
President Joe Biden tensions with OPEC+
Energy
Biden’s plans to release oil reserves to address rising fuel prices draws the ire of OPEC+
By Grant Smith, Salma El Wardany, Jennifer A. Dlouhy and BloombergNovember 22, 2021
Saudi energy minister bets against frackers
Finance
In a bold taunt, Saudis warn America’s frackers: ‘Drill, baby, drill is gone forever’
By Bloomberg, Javier Blas, Grant Smith and Salma El WardanyMarch 5, 2021
Saudi-Russia oil price war ends with OPEC+ deal to slash output, but prices stay near lows
Energy
Saudi-Russia oil price war ends with OPEC+ deal to slash output, but prices stay near lows
By Javier Blas, Salma El Wardany, Grant Smith and BloombergApril 13, 2020
A gas tanker drives past oil storage tanks at the Volodarskaya line operation dispatcher station (LODS), operated by Transneft PJSC, in Konstantinovo village, near Moscow, Russia, on Tuesday, April 7, 2020. The worlds largest oil producers moved closer to an unprecedented deal to ratchet back production and rescue crude markets from a pandemic-driven collapse, after Russia signaled its ready to make cuts. Photographer: Andrey Rudakov/Bloomberg via Getty Images
Energy
Oil prices plunge as Mexico ditches Saudi-Russia production cut plans
By Javier Blas, Salma El Wardany, Grant Smith and BloombergApril 10, 2020
This picture taken on December 11, 2019, shows a Saudi security boat patrolling by an oil tanker at the port of Ras al-Khair, about 185 kilometres north of Dammam in Saudi Arabia's eastern province overlooking the Gulf. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)
Energy
Saudi Arabia-Russia oil price war escalates as Aramco announces 25% output hike
By Javier Blas, Matthew Martin, Grant Smith and BloombergMarch 10, 2020
An employee hands a 50-gram gold bar to a customer inside a Titan Co. Tanishq jewelry store during the festival of Dhanteras in Mumbai, India, on Oct. 25, 2019. Gold sales on the most auspicious day in India to buy the metal tumbled this year as high prices and concerns about an economic slowdown saw customers limit purchases. Photographer: Dhiraj Singh/Bloomberg via Getty Images
Finance
Why the coronavirus is pushing gold up—and oil and other commodities down
By Ranjeetha Pakiam, Grant Smith and BloombergFebruary 24, 2020
the virus has upended trade flows and probably led to a 20% cut to China’s oil demand. Here, staff on PetroChina Southwest Oil & Gasfield Company, a CNPC subsidiary, work at the natural gas purification plant in Suining in southwest China's Sichuan province on Jan. 15, 2020.
Energy
OPEC nerves grow as coronavirus forces China to slash oil imports
By Sharon Cho, Grant Smith and BloombergFebruary 4, 2020
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