Petroleum Exporting Countries Opec

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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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  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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  Oil Prices Slip As U.S. Inventory Build Stokes Fears Of Supply Glut

  Crude inventories rose by 584,000 barrels in the week to Oct. 16 to about 490.6 million barrels, data from industry group the American Petroleum Institute showed.

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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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  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.

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  Saudi Arabia, Russia Outline Record Supply Cut As Demand Crashes On COVID-19

  Officials from the Organization of the Petroleum Exporting Countries and Russia have said the scale of the crisis required involvement of all producers.

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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...