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Global oil output cuts easing justified, says Russian Energy Minister Novak

Wednesday, 15 July 2020

Russian Energy Minister Alexander Novak said on Wednesday that the expected easing of oil output ......

OPEC expects oil demand to rise in 2021, but remain below 2019 levels

Tuesday, 14 July 2020

Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global ......

Oil prices fall on signs OPEC+ will lower output cuts

Monday, 13 July 2020

Oil edged lower before this week’s OPEC+ committee meeting, which may confirm the group’s intention ......

Russia has no plans to meet with Saudi Arabia ahead of OPEC+ meeting: Kremlin

Thursday, 09 July 2020

The Kremlin said on Thursday Russia currently had no plans to hold talks with Saudi Arabia ahead of ......

Saudi Arabia’s Crown Prince, Nigeria’s President review OPEC+ crude oil deal progress

Monday, 29 June 2020

Saudi Arabia’s Crown Prince Mohammed bin Salman and Nigerian President Muhammadu Buhari review the ......

Coronavirus: Oil at $42 as prospects for better OPEC+ deal compliance buoy market

Friday, 19 June 2020

Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC ......

Coronavirus: OPEC says oil, fuel demand will remain ‘under pressure’ for rest of 2020

Wednesday, 17 June 2020

OPEC predicted that fuel demand will remain “under pressure” during the second half of this year ......

Iraq’s new oil minister affirms commitment to the OPEC+ cut deal

Tuesday, 09 June 2020

Iraq’s new oil minister Ihsan Abdul Jabbar affirmed in a phone call with Saudi energy minister ......

Abu Dhabi raises crude prices following OPEC+ output cut extension

Monday, 08 June 2020

Abu Dhabi boosted pricing for its main Murban crude grade one day after Saudi Arabia posted sharply ......

Norway plans to keep oil output cuts unchanged following OPEC+ extension deal

Monday, 08 June 2020

Norway, Western Europe’s largest oil producer, has no plans to modify its existing plans for ......

Saudi, UAE, Kuwait voluntary oil cuts were only for one month: Saudi Energy Minister

Monday, 08 June 2020

Voluntary additional cuts by Saudi Arabia, UAE and Kuwait of oil production are due to last for only ......

Saudi Arabia raises oil-selling price as OPEC+ extends cuts

Sunday, 07 June 2020

Saudi Arabia raised crude pricing to all regions a day after OPEC+ producers extended historic ......

OPEC+ oil cut extension is a victory for Saudi Arabia

Sunday, 07 June 2020

OPEC+ agreed to a one-month extension of its record oil-production cuts and adopted a stricter ......

Mexico refuses OPEC+ oil output cut extension agreement

Sunday, 07 June 2020

Mexico on Saturday refused to extend a cut in oil production to the end of July which was agreed by ......

Saudi Arabia, Russia agree to extend OPEC oil cuts if all members hit quotas: Sources

Wednesday, 03 June 2020

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing ......

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