Saudi Arabia remains confident that the OPEC+ agreement to increase output over the next three months was the right move, said its energy ...
OPEC+ agreed to increase oil production gradually from May to July, responding to both internal and external pressure to supply more crude to the ...
OPEC+ oil producers have taken a cautious stance but the market’s recovery is far from complete, Saudi Arabia’s energy minister said on Thursday.“Last ...
Oil prices fell more than 4 percent on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger ...
OPEC+ compliance with oil production cuts in February rose to 113 percent, two OPEC+ sources from the producer group told Reuters on Monday.For the ...
Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed US crude stockpiles ...
Oil prices are unlikely to mount a dramatic and sustained surge despite vaccines expected to boost demand later this year, the International Energy ...
OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for ...
Oil prices were steady on Monday after pushing above $70 a barrel for the first time since the start of the coronavirus crisis, with support from US ...
Oil prices slipped on Tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already ...
Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above ...
Saudi Arabia and Russia have differences over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source ...
Iran is set to attend the meeting of an OPEC+ advisory committee next month, according to a delegate who declined to be identified.While Iran -- ...
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Wednesday that it was too early to declare victory against the COVID-19 virus and ...
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed the implementation of the OPEC+ oil output deal in a telephone ...
Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined ...
Iran’s oil reserves risk becoming stranded assets unless the new US administration eases sanctions that have left the country lagging rivals in output ...
Global oil supply still outstrips demand due to persistent COVID-19 lockdowns and the spread of variants, the International Energy Agency (IEA) said ...
Iraq's oil minister affirmed Iraq's commitment to the OPEC+ reduction decision and the compensation of its overproduction share, he said in a ...
Saudi Arabia will make additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which ...
Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralyzed much of the global economy, but ...
Oil rose on Tuesday for the third time in four sessions on expectations for rising fuel demand, as the US moved towards expanding its pandemic aid ...
Saudi Arabia and Russia on Saturday said they backed each other ahead of a key OPEC+ oil summit, following a tumultuous year of differences over oil ...
Oil hit a nine-month high on Friday and was headed for a seventh straight weekly gain as investors focused on the rollout of COVID-19 vaccines and ...
Saudi Arabia’s crude oil exports rose for the fourth straight month to 6.16 million barrels per day (bpd) in October from 6.07 million bpd in ...
Oil and gas was the industry most affected by the coronavirus pandemic, Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al Saud said on ...
The OPEC+ group of oil producing countries and their allies have struck a deal to increase production from January, but by less than anticipated in ...
The members of the OPEC oil producers cartel decided Tuesday to delay by two days talks with their allies over a possible extension to output cuts to ...
OPEC+, a group of leading oil producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a source ...
Libyan oil production has now reached 1.215 million barrels per day (bpd), a Libyan oil source told Reuters on Friday, as the OPEC member’s oil ...
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