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Results for
Opec
119 Results-
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 -
Oil rises on demand outlook, despite China move to release fuel reserves
Oil prices rose sharply on Monday as expectations of strong demand and a belief that a key producer group will not turn on the spigots too fast helped ... Energy -
Oil prices climb to multi-year highs as COVID-19 recovery, power firms stoke demand
Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and ... Energy -
Putin predicts oil at $100 even as OPEC+ seeks to stabilize global market
Oil prices could reach $100 a barrel, Russian President Vladimir Putin said on Wednesday, adding that Moscow and its partners in the OPEC+ producer ... Energy -
Oil rises close to three-year high on energy crunch fears
Oil rose towards $84 a barrel on Tuesday, within sight of a three-year high, supported by a rebound in global demand that is contributing to energy ... Energy -
Oil price hits multi-year high on OPEC+ restraint amid tightening energy supplies
Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+’s refusal to ramp up production more rapidly against a backdrop of ... Energy -
Oil price holds near three-year highs after OPEC+ sticks to output plan
Brent crude oil futures stuck near three-year highs on Tuesday, with US benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to ... Energy -
Oil slips below $78 as OPEC+ weighs further production hike
Oil fell below $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, ... Energy -
Once prosperous, more than 75 pct Venezuelans now living in extreme poverty: Survey
Around three-fourths of Venezuelans now live in extreme poverty as the once-prosperous OPEC nation’s hyperinflationary economic collapse continued for ... Features -
Oil price holds steady, shrugs off higher US crude stocks, strong dollar
Oil prices held steady on Thursday after rising above $80 a barrel this week, shrugging off bearish factors such as rising US crude oil inventories ... Energy -
OPEC+ seen sticking to existing November output plans, despite $80 oil
OPEC+ is likely to stick to an existing deal to add 400,000 barrels per day (bpd) to its output for November when it meets next week, sources said, ... Energy -
Oil prices drop a second day after US crude stocks unexpectedly rise
Oil prices fell on Wednesday after US crude inventories unexpectedly rose as doubts over demand resurfaced, with COVID-19 cases continuing to increase ... Energy -
S&P affirms Saudi rating on expected growth rebound through 2024
S&P Global Ratings on Tuesday affirmed Saudi Arabia’s A- (minus) credit rating with a stable outlook, expecting a rebound in growth through 2024 ... Economy -
Oil prices steady ahead of US jobs report as US hurricane recovery weighs in
Oil prices were largely steady on Friday as a rebound in global demand was widely expected but a slow recovery for the US Gulf Coast export and ... Energy -
Oil producers uphold July decision, to steadily add back production: OPEC+
Members of the OPEC oil producing group and allied countries led by Russia signed off Wednesday on gradually increasing production as the global ... Energy -
Oil prices climb before OPEC+ policy meeting to decide output policy
Oil prices rose on Wednesday before an OPEC+ meeting in which the producer club is expected to stick to a plan to add 400,000 barrels per day (bpd) ... Energy -
Oil prices edge lower as US pushes OPEC seen going ahead with output increase
Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent ... Energy -
OPEC+ likely to stick to oil output policy from September, with modest increase
OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase, ... Energy -
Oil prices down weighed down by weak Asian demand
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and ... Energy -
OPEC+ sees no need to meet US call to boost output, sources say
OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite US pressure to ... Energy