OPEC+ oil giants extend oil output cuts amid economic uncertainty
Russia is among the countries announcing cut extension, announcing an additional voluntary reduction of 471,000 barrels per day for the second quarter. ADVERTISEMENTSome members of…
Russia is among the countries announcing cut extension, announcing an additional voluntary reduction of 471,000 barrels per day for the second quarter. ADVERTISEMENTSome members of…
OPEC only partially delivered new oil production cuts in the first month of its latest supply pact, according to a report from the group. The…
For Angola, membership status is not the sole concern but the Organization of the Petroleum Exporting Countries (OPEC) must necessarily serve its business interest. If…
Oil minister says the country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts. Angola says it will leave the Organization…
Flanked by four Russian jets, President Vladimir Putin arrived in the Middle East in a rare trip abroad during which he will discuss oil, Gaza…
The head of OPEC has urged members to reject any COP28 agreement that “targets” fossil fuels, highlighting deep divisions as the UN climate conference in…
Saudi Arabia, Russia and other members of OPEC+ agreed to voluntary output cuts for th first quarter of 2024. OPEC+ producers have agreed to voluntary…
Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to shore up prices after four weeks…
OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of…
Iran plans to keep raising oil production as back-door diplomatic efforts with the US appear to be easing pressure on the Middle Eastern nation, according…
Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening…
The war in Ukraine, heatwaves and export bans on essential staples – threats to food supplies are rising once again. Scorching temperatures have ravaged farms…
Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China…
Video Duration 26 minutes 00 seconds 26:00 Saudi Arabia goes it alone in cutting oil production by one million barrels a day starting in July.…
To be sure, OPEC+ touches raw nerves in Washington even seven years after the group took shape as the brainwave of Russian President Vladimir Putin…
The rest of the OPEC+ oil producers agreed to extend earlier cuts in supply through the end of 2024. Saudi Arabia has said it will…
In a surprise move, OPEC+ slashes oil production by 1.6 million barrels a day starting in May. The Saudi-led oil producing group OPEC+ has signalled…
Gulf oil giants lead coordinated cut in production, calling it a ‘precautionary measure’ aimed at market stability. Saudi Arabia and other OPEC+ oil producers have…
OPEC chief talks about output cuts, price volatility, and Russia’s war in Ukraine and its effect on oil prices. Ministers from the Organization of the…
Refiners in India, the world’s third-biggest oil consumer and importer, have been gorging on discounted Russian oil. Russia became the third-largest oil supplier to India…