Results for
Opec
138 Results-
OPEC+ ‘only a phone call away’ if world needs more oil: UAE energy minister
The United Arab Emirates’ energy minister said on Monday that OPEC+ is willing to provide the world with the oil it needs, and that if consumers ... Energy -
OPEC+ will consider output cut of more than 1 mln barrels at this week’s meet
The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day when it meets in Vienna on Wednesday, according to ... Energy -
Oil prices fall further as China extends COVID-19 lockdown measures
Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread ... Energy -
Oil prices rise on prospect of OPEC+ supply cut, conflict in Libya
Oil rose on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong US dollar and a dire ... Energy -
OPEC, unlike IEA, says oil demand growth to slow to 3.1 mln bpd in 2022
OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of ... Energy -
OPEC+ set to approve minuscule oil output rise of 100,000 bpd from Sept
OPEC+ is set to raise oil output by a tiny 100,000 barrels per day after weeks of speculation following US President Joe Biden’s trip to the Middle ... Energy -
Oil prices rise ahead of G7 discussions on Russian exports
Oil prices extended gains on Monday as investors stood on guard for any moves against Russian oil and gas exports that might come out of a meeting of ... Energy -
Oil prices rebound higher on looming EU ban on Russian supplies
Oil rebounded on Wednesday after plunging nearly 10 percent over the previous two sessions, buoyed by supply concerns as the European Union works on ... Energy -
OPEC+ decides to stick to modest boost in output as Russian war roils markets
OPEC and allied oil-producing countries decided Thursday to stick to a modest increase in production, even as Europe’s proposed phaseout of Russian ... Energy -
Oil prices dive as US considers record reserves release from strategic reserve
Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its Strategic Petroleum ... Energy -
‘Our data is rigorous and objective,’ IEA says after being dropped by OPEC+
The Paris-based International Energy Agency (IEA) on Thursday said its data is rigorous and objective, responding to a decision by OPEC and allies ... Energy -
Oil prices rebound on tight supply, prospects of new Russia sanctions
Oil prices clawed back heavy losses to rise more than 2 percent on Wednesday on supply tightness and the growing prospect of new Western sanctions ... Energy -
Oil prices fall on Ukraine-Russia peace talk hopes, China demand fears
Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s ... Energy -
Squeezing any member out of OPEC+ would only result in oil price hike: UAE minister
United Arab Emirates energy minister Suhail al-Mazrouei said on Tuesday that the only mission of OPEC+ is to stabilize markets and come up with as ... Energy -
Oil prices slide on concerns of weaker Chinese demand following Shanghai lockdown
Oil prices tumbled more than $6 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai lockdown efforts to curb a surge ... Energy -
Oil prices drop to lowest in three weeks as Russia favors Iran nuclear deal
Oil prices dropped to their lowest in almost three weeks on Tuesday as Russia indicated it is in favor of the Iran nuclear deal resuming as soon as ... Energy -
Oil prices surge as Russian supply concerns increase amid sanctions
Oil prices surged on Wednesday as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict, ... Energy -
OPEC+ likely to agree another modest supply boost amid turmoil
OPEC and its allies are expected to agree another modest increase in oil production even as the shockwaves from Russia’s invasion of Ukraine send ... Energy -
Oil prices jump on supply concerns as Ukraine conflict rages
Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a ... Energy -
Oil price slips below $80 after OPEC+ output hike decision
Oil prices slipped below $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the ... Energy -
Oil prices head for biggest annual gains since at least 2016 on economic recovery
Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the ... Energy -
Oil prices rebound by more than $1 after Saudi Arabia raises prices for Asia, US
Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and ... Energy -
Saudi Arabia raises oil prices for Asian and US customers
Saudi Arabia raised oil prices for buyers in Asia and the US on Sunday days after OPEC and its allies made a surprise decision to increase output.The ... Energy -
Explainer: What is the Strategic Petroleum Reserve?
When President Joe Biden ordered the release of 50 million barrels of oil from America’s strategic reserve to help reduce energy costs, he was taking ... Features -
Oil steadies near $80 after US taps emergency reserves to release 50 mln barrels
Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50 million barrels of oil from its reserves ... Energy -
Oil price approaches $84 on demand boost as US lifts travel curbs
Oil rose towards $84 a barrel on Tuesday, gaining for a third session, as the US lifting of travel restrictions and more signs of a global ... Energy -
Oil advances as traders weigh risk Biden may release US stockpiles
Oil advanced above $82 a barrel as traders weighed the odds of a release of crude from the US Strategic Petroleum Reserve after OPEC+ resisted a plea ... Energy -
Oil prices down after industry data shows US crude inventory build-up
Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world’s largest ... Energy -
Oil price rises towards $85 on demand recovery, lagging OPEC supply
Oil rose towards $85 a barrel on Tuesday, not far from a multi-year high, supported by signs that supply from OPEC and other producers is falling ... Energy -
Kuwait, Iraq back OPEC+ oil supply rise plan, despite calls for extra supply
Kuwait and Iraq support sticking to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, as the US called again ... Energy