The United Arab Emirates on Sunday said it supported an increase in oil output from August but suggested deferring to another meeting a decision by ...
OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two ...
Oil steadied near $41 a barrel in New York with OPEC+ warning of a precarious outlook for the market as a resurgent virus hits consumption.Saudi ...
The Organization of Petroleum Exporting Countries (OPEC) on Monday celebrated its 60th anniversary while oil prices continue to remain low amid an ...
On 14 September 1960, the five Founding Fathers of the Organization of the Petroleum Exporting Countries (OPEC), Juan Pablo Pérez Alfonzo of Venezuela ...
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil ...
Russian Energy Minister Alexander Novak said on Wednesday that the expected easing of oil output cuts by the OPEC+ group from August to 7.7 million ...
Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus pandemic but will ...
Oil edged lower before this week’s OPEC+ committee meeting, which may confirm the group’s intention to taper production cuts even as the coronavirus ...
The Kremlin said on Thursday Russia currently had no plans to hold talks with Saudi Arabia ahead of a joint OPEC+ ministerial monitoring committee ...
Saudi Arabia’s Crown Prince Mohammed bin Salman and Nigerian President Muhammadu Buhari review the current progress made on an OPEC+ deal and ...
Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and ...
OPEC predicted that fuel demand will remain “under pressure” during the second half of this year because of the ongoing economic fallout from the ...
Iraq’s new oil minister Ihsan Abdul Jabbar affirmed in a phone call with Saudi energy minister Prince Abdulaziz bin Salman Iraq’s full commitment to ...
Abu Dhabi boosted pricing for its main Murban crude grade one day after Saudi Arabia posted sharply higher prices of its own, adding weight to efforts ...
Norway, Western Europe’s largest oil producer, has no plans to modify its existing plans for production cuts, following the OPEC+ group’s agreement to ...
Voluntary additional cuts by Saudi Arabia, UAE and Kuwait of oil production are due to last for only one month, Saudi Arabia’s Energy Minister Prince ...
Saudi Arabia raised crude pricing to all regions a day after OPEC+ producers extended historic output cuts for another month to bolster oil’s rally, ...
OPEC+ agreed to a one-month extension of its record oil-production cuts and adopted a stricter approach to ensuring members don’t pump more than they ...
Mexico on Saturday refused to extend a cut in oil production to the end of July which was agreed by OPEC members and other key producers.The ...
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising ...
Oil fell on Monday on worries about renewed tensions between the US and China, although reports that OPEC and Russia were closer to a deal on ...
Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension ...
Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three ...
OPEC+ is close to a decision to bring forward its meeting by a few days to this week, according to people familiar with the situation.The move, if ...
Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts until the end of 2020 but have yet to win support ...
The group of OPEC+ countries will look at how the situation on global oil markets develops before taking any policy decisions, the Kremlin said on ...
OPEC+ has cut its oil exports sharply in the first half of May, companies that track the shipments said, suggesting a strong start in complying with a ...
Oil rose above $30 a barrel for the first time in two months as producers in the US and elsewhere continued to cut activity, helping to rebalance a ...
Iran's OPEC Governor Hossein Kazempour Ardebili has died of a brain haemorrhage two weeks after falling into a coma, the semi-official news agency ...
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