Opec After Saudi Arabia
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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
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Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
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"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
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Joe Biden To "Re-evaluate" Ties With Saudi Arabia After OPEC Snub
President Joe Biden is to "re-evaluate" the US relationship with Riyadh, the White House said Tuesday, after a Saudi-led coalition of oil-producing nations sided with Russia to slash output.
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Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
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Saudi Overtakes Russia To Be India's No. 2 Oil Supplier
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed.
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Brent Oil Climbs Above $100 A Barrel Amid Talk About OPEC Cuts
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn.
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Oil Prices Rise To Near $97 After Saudi Says OPEC (Oil Producers) Could Cut Output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.
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Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
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Oil Prices: Truce, Finally, Between US And Saudi Arabia
The US and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand.
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India, Japan Planning To Release Crude Oil On US Request: Report
The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude
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High Oil Prices To Hurt Global Economic Recovery: India To OPEC
India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reas
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State-Run Refiners Plan To Cut Oil Imports From Saudi As Stand-Off Escalates: Report
India, the world's third-biggest oil importer and consumer, imports more than 80 per cent of its oil needs and relies heavily on the Middle East.
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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.
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Cheap Oil Prices Likely To Reduce Inflationary Pressures in India: Government Adviser
A fall in global crude oil prices will likely reduce India's inflationary pressures, a senior government adviser said on Monday, paving the way for further central bank easing as the coronavirus outbreak hits economic activity. Saudi Arabia slashed its oil prices over the weekend after the Organisation of the Petroleum Exporting Countries (OPEC) fa...
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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
-
Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
-
"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
-
Joe Biden To "Re-evaluate" Ties With Saudi Arabia After OPEC Snub
President Joe Biden is to "re-evaluate" the US relationship with Riyadh, the White House said Tuesday, after a Saudi-led coalition of oil-producing nations sided with Russia to slash output.
-
Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
-
Saudi Overtakes Russia To Be India's No. 2 Oil Supplier
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed.
-
Brent Oil Climbs Above $100 A Barrel Amid Talk About OPEC Cuts
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn.
-
Oil Prices Rise To Near $97 After Saudi Says OPEC (Oil Producers) Could Cut Output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.
-
Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
-
Oil Prices: Truce, Finally, Between US And Saudi Arabia
The US and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand.
-
India, Japan Planning To Release Crude Oil On US Request: Report
The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude
-
High Oil Prices To Hurt Global Economic Recovery: India To OPEC
India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reas
-
State-Run Refiners Plan To Cut Oil Imports From Saudi As Stand-Off Escalates: Report
India, the world's third-biggest oil importer and consumer, imports more than 80 per cent of its oil needs and relies heavily on the Middle East.
-
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.
-
Cheap Oil Prices Likely To Reduce Inflationary Pressures in India: Government Adviser
A fall in global crude oil prices will likely reduce India's inflationary pressures, a senior government adviser said on Monday, paving the way for further central bank easing as the coronavirus outbreak hits economic activity. Saudi Arabia slashed its oil prices over the weekend after the Organisation of the Petroleum Exporting Countries (OPEC) fa...
