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Results for

OPEC

263 Results
  • OPEC+ keeps output steady amid uncertainty on China and Russia

    OPEC+ keeps output steady amid uncertainty on China and Russia

    An OPEC+ committee recommended keeping crude production steady, delegates said, as the oil market awaits clarity on demand in China and supplies from ...
    Energy
  • Saudi Crown Prince, Putin discuss OPEC+ cooperation for oil market stability: Kremlin

    Saudi Crown Prince, Putin discuss OPEC+ cooperation for oil market stability: Kremlin

    Saudi Arabia’s Crown Prince Mohammed bin Salman discussed in a phone call with Russian President Vladimir Putin cooperation within the OPEC+ group ...
    Energy
  • OPEC+ seen sticking with oil output policy at Feb. 1 meeting: Delegates

    OPEC+ seen sticking with oil output policy at Feb. 1 meeting: Delegates

    An OPEC+ panel is likely to recommend keeping the oil producer group's current output policy unchanged when it meets this week, three OPEC+ delegates ...
    Energy
  • US official Amos Hochstein discusses EU ban on Russian oil products

    US official Amos Hochstein discusses EU ban on Russian oil products

    The US President’s Special Coordinator on Energy Security Amos Hochstein discusses with Al Arabiya presenter Naser El Tibi the upcoming EU ban on ...
    Energy
  • OPEC chief is ‘cautiously optimistic’ on global economy

    OPEC chief is ‘cautiously optimistic’ on global economy

    OPEC’s top official said he’s “cautiously optimistic about the outlook for the global economy,” as a recovery in oil demand in China is tempered by ...
    Energy
  • Saudi Arabia kept oil exports steady in December under OPEC+ agreement: Official

    Saudi Arabia kept oil exports steady in December under OPEC+ agreement: Official

    Saudi Arabia kept oil exports steady last month as it continued to implement an OPEC+ agreement aimed at stabilizing world crude markets, according to ...
    Energy
  • Iraq oil revenues in 2022 exceed $115 billion

    Iraq oil revenues in 2022 exceed $115 billion

    Iraq’s oil revenues in 2022 exceeded $115 billion, according to preliminary figures announced by the oil ministry on Tuesday - a four-year high ...
    Energy
  • ‘Volatile’ markets forecast for 2023 triggered by war, energy crisis: S&P Global VC

    ‘Volatile’ markets forecast for 2023 triggered by war, energy crisis: S&P Global VC

    The war in Ukraine, a global energy crisis and high interest rates could trigger volatility in markets across the world in 2023, S&P Global Vice ...
    Energy
  • Saudi Arabia’s Energy Minister says OPEC+ leaves politics out of decisions

    Saudi Arabia’s Energy Minister says OPEC+ leaves politics out of decisions

    OPEC+ members leave politics out of the decision making process and out of their assessments and forecasting, Saudi energy minister Prince Abdulaziz ...
    Energy
  • OPEC sticks to 2022, 2023 oil demand growth forecasts after downgrades

    OPEC sticks to 2022, 2023 oil demand growth forecasts after downgrades

    OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was ...
    Energy
  • Saudi energy minister says he sees no clear results yet from Russia price cap

    Saudi energy minister says he sees no clear results yet from Russia price cap

    Saudi energy minister Prince Abdulaziz bin Salman said on Sunday the impact of European sanctions on Russian crude oil and price cap measures “did not ...
    Saudi Arabia
  • Russia’s Putin, UAE president discuss OPEC+, oil price cap: Kremlin

    Russia’s Putin, UAE president discuss OPEC+, oil price cap: Kremlin

    Russian President Vladimir Putin and the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, held a phone call on ...
    Gulf
  • Oil prices rise 3 pct on OPEC+ output plans and price cap on Russian crude

    Oil prices rise 3 pct on OPEC+ output plans and price cap on Russian crude

    Oil prices rose 3 percent on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price cap ...
    Energy
  • Oil buyers don’t want to boost imports next year because of economic weakness: Kuwait

    Oil buyers don’t want to boost imports next year because of economic weakness: Kuwait

    Kuwait’s state energy company said customers are reluctant to increase oil imports next year, signaling that the market’s being suppressed by global ...
    Energy
  • OPEC+ agrees to stick to oil output targets

    OPEC+ agrees to stick to oil output targets

    OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a slowing Chinese economy ...
    Economy
  • Saudi Arabia, Iraq stress importance of sticking to OPEC+ oil production cuts

    Saudi Arabia, Iraq stress importance of sticking to OPEC+ oil production cuts

    Saudi Arabia Energy Minister Prince Abdulaziz bin Salman met with his Iraqi counterpart, the pair stressing the importance of sticking to the OPEC+ ...
    Saudi Arabia
  • Putin discusses West's oil price cap with Iraqi leader: Kremlin

    Putin discusses West's oil price cap with Iraqi leader: Kremlin

    Russian President Vladimir Putin on Thursday discussed Western attempts to cap the price of Russian oil during a phone call with Mohammed Shia ...
    Energy
  • UAE denies engaging in discussion with OPEC+ members to change latest agreement

    UAE denies engaging in discussion with OPEC+ members to change latest agreement

    United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to ...
    Energy
  • Saudi Energy min. categorically denies reports of OPEC discussing increasing output

    Saudi Energy min. categorically denies reports of OPEC discussing increasing output

    Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman categorically denied reports that the Kingdom is discussing with other OPEC producers an ...
    Energy
  • OPEC+ decision to cut oil production ‘right call’: US report ahead of Nov. reduction

    OPEC+ decision to cut oil production ‘right call’: US report ahead of Nov. reduction

    A US-based consultancy firm has released a report on Friday that backs the October OPEC+ decision to cut oil production, finding that it was “the ...
    Energy
  • OPEC cuts oil demand growth forecast again as economic challenges mount

    OPEC cuts oil demand growth forecast again as economic challenges mount

    OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, citing mounting ...
    Energy
  • Oman energy minister sees oil prices going down after winter

    Oman energy minister sees oil prices going down after winter

    Oman's Energy Minister Salim al-Aufi said on Tuesday he saw oil prices coming down from the range of $90 a barrel after the winter season.“We don’t ...
    Energy
  • Oil drops as more rate hikes overshadow tightening fuel market

    Oil drops as more rate hikes overshadow tightening fuel market

    Oil fell after Federal Reserve Chair Jerome Powell said interest rates will go higher than earlier projected, overshadowing tightening supply.For the ...
    Energy
  • US concerned about Iranian attacks on Saudi Arabia: White House

    US concerned about Iranian attacks on Saudi Arabia: White House

    “We remain in constant contact through military and intelligence channels with the Saudis,” a National Security Council official told Al Arabiya English.
    Saudi Arabia
  • Saudi Arabia’s support of Ukraine doesn’t compensate for OPEC+ cut: US top diplomat

    Saudi Arabia’s support of Ukraine doesn’t compensate for OPEC+ cut: US top diplomat

    US Secretary of State Antony Blinken said on Wednesday that Saudi Arabia’s support to Ukraine was a “positive development,” but did not “compensate” ...
    Gulf
  • In about-face, US welcomes Saudi moves on Ukraine

    In about-face, US welcomes Saudi moves on Ukraine

    The Biden administration welcomed recent moves by Saudi Arabia against Russia and its invasion of Ukraine, officials said Tuesday, in a change of tone ...
    Middle East
  • Reviewing US-Saudi ties a ‘positive thing,’ Princess Reema says

    Reviewing US-Saudi ties a ‘positive thing,’ Princess Reema says

    “This Kingdom is not the kingdom it was five years ago or the kingdom of 10 years ago; so every piece of analysis that existed is no longer relevant,” Princess Reema bint Bandar said in an interview aired Tuesday.
    Gulf
  • White House ‘categorically’ denies dissuading US companies from going to Saudi Arabia

    White House ‘categorically’ denies dissuading US companies from going to Saudi Arabia

    “These are decisions that they obviously can and should make for themselves,” a senior White House official said.
    World News
  • US says Russia oil price cap will not be aimed at OPEC

    US says Russia oil price cap will not be aimed at OPEC

    The comments could help ease a spat between the United States and Saudi Arabia, the top oil exporter and de facto OPEC leader, over what Washington sees as collaboration with Russia to deprive markets of supply just as a global recession looms.
    Energy
  • Sudan backs OPEC+ decision to cut oil production

    Sudan backs OPEC+ decision to cut oil production

    OPEC+ member Sudan said on Tuesday that the group’s decision to cut oil production by two million barrels per day was unanimous and it supports Saudi ...
    Gulf
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