OPEC

Oil prices stabilise after hefty losses

Oil prices steadied on Thursday after the previous day's price drop erased the supportive impact… Read More

OPEC cites risks to summer oil outlook

OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop… Read More

Oil prices edge up as OPEC+ output cuts

Oil prices rose on Wednesday, boosted by expectations of U.S. crude inventory declines as well… Read More

Saudi Arabia, OPEC+ producers announce surprise oil output cuts

DUBAI: Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their… Read More

Putin and Saudi crown prince discuss OPEC+ cooperation

Russian President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed Bin Salman… Read More

Oil prices surge after OPEC+ reaffirms oil output targets

MELBOURNE: Oil prices inched up in early trade after OPEC+ nations reaffirmed their oil output… Read More

Opec+ likely to maintain oil output levels

Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current… Read More

OPEC+ seen heading for oil policy rollover

OPEC+ is likely to stick to its current oil output target when it meets on… Read More

Saudi Arabia denies OPEC+ is discussing oil output increase

Saudi Arabia on Monday denied a report that oil producers were discussing a production increase… Read More

OPEC+ cuts ahead of winter fan global inflation concerns

Concerns over tight oil supplies and soaring inflation have intensified after the OPEC+ group of… Read More

OPEC+ mulling largest cuts since 2020 crisis

The OPEC+ group of oil producers is discussing output cuts of more than 1 million… Read More

OPEC+ to meet in Vienna Wednesday for first time since 2020

VIENNA: The OPEC+ oil cartel will meet in Vienna next week for the first time… Read More

Oil prices rise on potential OPEC+ supply cuts; BP shuts US refinery units

SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian… Read More

Biden focused on controlling US oil prices after OPEC+ output increase

WASHINGTON: President Joe Biden remains focused on keeping fuel prices down for Americans, the White… Read More

Oil prices increase ahead of OPEC meeting despite recession worries

Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+… Read More

Oil sinks after weak factory data sparks demand concerns

Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on… Read More

Oil up over $2 per barrel as hopes fade for OPEC+ supply boost

Oil prices settled up more than $2 a barrel on Friday as attention turned to… Read More

OPEC+ must produce more oil: Boris Johnson

British Prime Minister Boris Johnson said on Monday OPEC+ must produce more oil to try… Read More

OPEC sees global oil demand growth slowing in 2023

World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as… Read More

Oil rises despite OPEC+ output hike plan; supply still tight

Oil rose higher on Friday, supported by expectations that OPEC's decision to increase production targets… Read More