Middle East Oil Opec
- All
- News
-
"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
-
Indian Oil Buys Its First Norway's Johan Sverdrup Crude Cargoes: Report
The move follows the Indian government's call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world's third-largest crude importer, and Saudi Arabia.
-
Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report
Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April.
-
Middle East's Share Of India's Oil Imports At Four-Month Low In September: Report
Last month, India's oil imports from its top oil supplier Iraq declined by about 18 per cent from August, the data showed, as OPEC's second biggest producer deepened output cuts to compensate for overproduction.
-
Oil Steadies As Investors Weigh Recession Risk Against Saudi Assurance
Rising U.S. inventories and relative calm in the Middle East over the last week or so are countering the likelihood that the Organization of Petroleum Exporting Countries and allied producers will extend their output curbs.
-
Saudi Arabia Pumps Record Amount Of Oil As Trump Piles On Pressure
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting next week.
-
Eastern Libyan Commander's Forces Seize Key Oil Ports
Forces loyal to east Libyan commander Khalifa Haftar on Sunday seized at least two key oil ports from a rival force loyal to the U.N.-backed government, risking a new conflict over the OPEC nation's resources.
-
Oil Prices Fall Nearly 2% On Surging OPEC Output, Strong Dollar
Oil prices fell nearly 2 per cent on Monday, snapping two consecutive days of gains, on caution over galloping Middle East crude output and a stronger dollar boosted by speculation of a US rate hike by the year-end.
-
Oil Prices Fall As OPEC Seen Unlikely To Agree Output Restraint
Driven largely by rising output from the Middle East, OPEC's output is near record highs of over 32.5 million barrels per day (bpd), although there have been some disruptions, especially in Nigeria and Libya.
-
Brent Crude Lower On Strong Middle East Output
Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC (Organization of Petroleum Exporting Countries) meeting later this week, while US crude edged higher as the summer driving season began.
-
Oil Down 2% As OPEC Output Hike Sparks Profit-Taking
Crude prices fell 2 per cent on Monday as data showing higher Middle East oil production and record hedge fund buying sparked profit-taking on last month's outsized rally.
-
Oil Prices Rise on Middle East Fighting; OPEC Output in Focus
Prices were supported by concerns that conflict in Iraq and Yemen could disrupt supplies after Islamic State militants said they had taken control of the Iraqi city of Ramadi in a big blow to the government.
-
Gulf oil exporters' rivalry grows in battle for Asian buyers
Middle East oil exporters are locked in an increasingly fierce battle for the world's fastest-growing markets in Asia, as producers worldwide ship more crude east to compensate for shrinking demand from the United States and Europe.
-
Oil prices jump amid bloodshed in Egypt
Oil prices rose sharply in Asian trade on Wednesday on growing concerns that the escalating political crisis in Egypt could affect the rest of the Middle East and disrupt world crude supplies, analysts said.
-
Brent slips towards $106 on caution ahead of US Fed, ECB meet
Brent crude eased 38 cents to $105.82 per barrel after having dropped to a low of $105.78 earlier in the session.
-
"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
-
Indian Oil Buys Its First Norway's Johan Sverdrup Crude Cargoes: Report
The move follows the Indian government's call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world's third-largest crude importer, and Saudi Arabia.
-
Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report
Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April.
-
Middle East's Share Of India's Oil Imports At Four-Month Low In September: Report
Last month, India's oil imports from its top oil supplier Iraq declined by about 18 per cent from August, the data showed, as OPEC's second biggest producer deepened output cuts to compensate for overproduction.
-
Oil Steadies As Investors Weigh Recession Risk Against Saudi Assurance
Rising U.S. inventories and relative calm in the Middle East over the last week or so are countering the likelihood that the Organization of Petroleum Exporting Countries and allied producers will extend their output curbs.
-
Saudi Arabia Pumps Record Amount Of Oil As Trump Piles On Pressure
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting next week.
-
Eastern Libyan Commander's Forces Seize Key Oil Ports
Forces loyal to east Libyan commander Khalifa Haftar on Sunday seized at least two key oil ports from a rival force loyal to the U.N.-backed government, risking a new conflict over the OPEC nation's resources.
-
Oil Prices Fall Nearly 2% On Surging OPEC Output, Strong Dollar
Oil prices fell nearly 2 per cent on Monday, snapping two consecutive days of gains, on caution over galloping Middle East crude output and a stronger dollar boosted by speculation of a US rate hike by the year-end.
-
Oil Prices Fall As OPEC Seen Unlikely To Agree Output Restraint
Driven largely by rising output from the Middle East, OPEC's output is near record highs of over 32.5 million barrels per day (bpd), although there have been some disruptions, especially in Nigeria and Libya.
-
Brent Crude Lower On Strong Middle East Output
Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC (Organization of Petroleum Exporting Countries) meeting later this week, while US crude edged higher as the summer driving season began.
-
Oil Down 2% As OPEC Output Hike Sparks Profit-Taking
Crude prices fell 2 per cent on Monday as data showing higher Middle East oil production and record hedge fund buying sparked profit-taking on last month's outsized rally.
-
Oil Prices Rise on Middle East Fighting; OPEC Output in Focus
Prices were supported by concerns that conflict in Iraq and Yemen could disrupt supplies after Islamic State militants said they had taken control of the Iraqi city of Ramadi in a big blow to the government.
-
Gulf oil exporters' rivalry grows in battle for Asian buyers
Middle East oil exporters are locked in an increasingly fierce battle for the world's fastest-growing markets in Asia, as producers worldwide ship more crude east to compensate for shrinking demand from the United States and Europe.
-
Oil prices jump amid bloodshed in Egypt
Oil prices rose sharply in Asian trade on Wednesday on growing concerns that the escalating political crisis in Egypt could affect the rest of the Middle East and disrupt world crude supplies, analysts said.
-
Brent slips towards $106 on caution ahead of US Fed, ECB meet
Brent crude eased 38 cents to $105.82 per barrel after having dropped to a low of $105.78 earlier in the session.
