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Iraq to cut oil output further, committed to OPEC+ deal, says oil minister

Tuesday, 02 June 2020

Iraq will further cut its oil output and remains committed to the OPEC+ deal, finance minister and ......

Oil rises as market waits for OPEC+ decision on output cuts

Tuesday, 02 June 2020

Oil edged higher toward $36 a barrel as the market waited to see if OPEC and its allies will extend ......

Oil tankers queue off China’s coast, suggesting rebound in crude demand

Monday, 01 June 2020

Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for ......

Oil prices drop as US-China tensions rise

Monday, 01 June 2020

Oil fell on Monday on worries about renewed tensions between the US and China, although reports that ......

UAE’s ADNOC moves to capture returning Asian oil demand: Reports

Monday, 01 June 2020

The UAE’s Abu Dhabi National Oil Co (ADNOC) has told its customers in Asia that it has sufficient ......

OPEC, Russia discussing extending oil output cut deal for 1-2 months: Sources

Monday, 01 June 2020

Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on ......

Discover: The 10 countries with the largest oil reserves in the world

Sunday, 31 May 2020

Oil has had a chaotic year so far due to the coronavirus pandemic hitting the world’s demand for ......

OPEC+ may bring meeting forward to this week: Sources

Sunday, 31 May 2020

OPEC+ is close to a decision to bring forward its meeting by a few days to this week, according to ......

OPEC+ considering extending oil output cuts: Sources

Thursday, 28 May 2020

Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts ......

Coronavirus: Global energy investment to fall by 20 percent, says IEA

Wednesday, 27 May 2020

Global energy investment is expected to plunge by around 20 percent or $400 billion in 2020, its ......

OPEC+ watching oil markets before taking further decisions, says Russia

Tuesday, 26 May 2020

The group of OPEC+ countries will look at how the situation on global oil markets develops before ......

Russia sees global oil market supply and demand balancing in June and July: Reports

Monday, 25 May 2020

Russia's energy ministry sees global oil demand and supply balancing in June and July as consumption ......

Oil prices around $33 as US-China war of words escalates

Sunday, 24 May 2020

Oil was anchored near $33 a barrel as an escalating war of words between the US and China added to ......

Oil price rebound exposes shale’s critical weakness

Sunday, 24 May 2020

Oil prices have surged more than 75 percent in the US this month. But don’t expect a quick rebound ......

Saudi Arabia overtakes Iraq as top oil supplier to India, as demand picks up

Wednesday, 20 May 2020

Saudi Arabia replaced Iraq as the top oil supplier to India in April after a gap of three months as ......

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