Organization Of Petroleum Exporting Countries
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Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Oil Producers Likely To Stick To View Of Long-Term Oil Demand Rise
OPEC's view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report, despite the growing role of renewables and electric cars.
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Oil Prices Back Above $100 Per Barrel, But Drop A Touch On The Day
Oil prices fell on Wednesday, taking a breather from a nearly 4 per cent surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC .
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OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
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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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Macron Tells Biden That UAE, Saudi Can Barely Raise Oil Output
Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could reduce prices.
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Oil Ends Higher After A Day Of Wild Swings On OPEC, Omicron
The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.
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Oil Declines In Wake Of OPEC+ Deal To Boost Supply, Rising Covid Cases
The Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, reached a compromise on Sunday to increase oil supply from August.
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Indian Oil Corporation Buys Johan Sverdrup Crude From Norway: Sources
The move follows the Indian government's call to cut dependence on crude from the Middle East in an escalating stand-off between India and Saudi Arabia
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Saudi Cuts Supply Of April-Loading Crude For Few Asian Refiners, Maintains India Supply
Saudi Arabia's reduction in supplies come as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided earlier this month to extend most of its supply cuts into April.
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Government Warns Rising Oil Prices May Dampen Global Economic Recovery
Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market balance towards a deficit
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Oil Rises For Second Day As Producers Trim Output To Cope With Demand Loss
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel.
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Oil Bounces Back As Rising Stockpiles May Lead To Output Cuts
Oil rose on Thursday on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts
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Crude Prices To Continue To Fall In Coming Weeks, Historic Deal Insufficient: Goldman Sachs
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, said they had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June to stem a slump in prices.
-
Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
-
Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
-
Oil Producers Likely To Stick To View Of Long-Term Oil Demand Rise
OPEC's view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report, despite the growing role of renewables and electric cars.
-
Oil Prices Back Above $100 Per Barrel, But Drop A Touch On The Day
Oil prices fell on Wednesday, taking a breather from a nearly 4 per cent surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC .
-
OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
-
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.
-
Macron Tells Biden That UAE, Saudi Can Barely Raise Oil Output
Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could reduce prices.
-
Oil Ends Higher After A Day Of Wild Swings On OPEC, Omicron
The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.
-
Oil Declines In Wake Of OPEC+ Deal To Boost Supply, Rising Covid Cases
The Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, reached a compromise on Sunday to increase oil supply from August.
-
Indian Oil Corporation Buys Johan Sverdrup Crude From Norway: Sources
The move follows the Indian government's call to cut dependence on crude from the Middle East in an escalating stand-off between India and Saudi Arabia
-
Saudi Cuts Supply Of April-Loading Crude For Few Asian Refiners, Maintains India Supply
Saudi Arabia's reduction in supplies come as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided earlier this month to extend most of its supply cuts into April.
-
Government Warns Rising Oil Prices May Dampen Global Economic Recovery
Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market balance towards a deficit
-
Oil Rises For Second Day As Producers Trim Output To Cope With Demand Loss
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel.
-
Oil Bounces Back As Rising Stockpiles May Lead To Output Cuts
Oil rose on Thursday on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts
-
Crude Prices To Continue To Fall In Coming Weeks, Historic Deal Insufficient: Goldman Sachs
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, said they had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June to stem a slump in prices.
