Oil under pressure as OPEC+ weighs further output hike ahead of US-Iran talks
By Tina Teng Published on 23/05/2025 - 8:14 GMT+2ADVERTISEMENTCrude oil prices fell for a third consecutive trading day on Thursday ahead of the US-Iran nuclear talks.…
China’s industrial output, retail sales dip amid US trade tensions | International Trade News
Despite slowdown, data points to reliance of Chinese economy in the face of Donald Trump’s tariffs.China’s industrial output and retail sales growth have slowed amid…
Crude oil prices drop 6% as OPEC output rises and Trump’s tariffs hit
ADVERTISEMENTCrude oil futures slumped to near multi-year lows after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies announced a larger-than-expected production increase…
Oil prices drop as OPEC+ agrees to gradually hike output from April
Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s…
8 OPEC+ members to further extend their voluntary output cuts by a month
Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through…
UAE in pledge to increase oil output despite fall in prices
The pledge from the United Arab Emirates (UAE) comes a year after it hosted the COP28 climate talks which ended with a call by nearly…
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
Breadcrumb Trail LinksPMN BusinessExxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as…
China to Extend Record Aluminum Output Amid Ample Power Supply
Breadcrumb Trail LinksPMN BusinessChina’s record-breaking run of aluminum output is likely to extend through the rest of the year as supply risks dissipate at a…
Russia’s Oil Drilling Slips From Record Amid OPEC+ Output Curbs
Breadcrumb Trail LinksPMN BusinessRussia’s oil firms have reduced pace of drilling from last year’s record as the nation deepened its OPEC+ production cuts.Author of the…
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…
Qatar announces new gas output boost with mega field expansion | Oil and Gas News
The overall expansion of North Field from 77mtpa currently to 142mtpa by 2030 represents an 85 percent increase in production. Qatar has announced new plans…