oil

Saudi Arabia extends 1 million bpd oil cut

Saudi Arabia will extend a voluntary oil output cut of one million barrels per day… Read More

Saudi Arabia says teamwork with Russia is strong

Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will… Read More

Saudi Arabia and Russia deepen oil cuts, sending prices higher

Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending… Read More

Sri Lanka set to start tea-for-oil barter with Iran

Sri Lanka is set to start bartering tea to Iran next month in lieu of… Read More

Iran’s oil exports hit 5-year highs

Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions,… Read More

UK to waive oil, gas windfall tax

UK's windfall tax on oil and gas producers will not be applied if prices drop… Read More

Oil up $1 on Saudi plan

Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia… Read More

OPEC+ begins meetings that may agree further output cuts

OPEC and its allies began two days of meetings on Saturday that may culminate in… Read More

Oil falls as weak China data offsets US debt ceiling progress

Oil prices extended losses early on Wednesday as worries of slowing demand from top oil… Read More

Oil falls on US debt deal struggles, OPEC+ talks uncertainty

Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the… Read More

Oil slips as economic jitters offset US debt deal

Oil prices slipped on Monday as economic worries over further interest rate hikes trumped a… Read More

Oil slips as US debt caution offset supply concerns

SINGAPORE: Oil prices slipped on Monday as caution around the US debt ceiling talks and… Read More

Oil steady as demand worries face tight supply outlook

Oil prices were steady on Wednesday after a surprise rise in US crude inventories stoked… Read More

Oil falls as economic concerns offset prospect of tighter supplies

SINGAPORE: Oil prices slipped on Monday as concerns about fuel demand in top global oil… Read More

Oil climbs almost 3% as recession fears begin to fade

Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took… Read More

Oil rises but on track for third week of losses due to demand worries

Oil prices rose in Asian trade on Friday, but were poised for a third straight… Read More

‘Saudi economy edging closer to reducing dependence on oil’

Government-led reforms and the growth of private investment in new sectors will help support non-oil… Read More

Norway’s oil fund to vote against climate resolution at BP

OSLO, April 22: Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors,… Read More

OPEC cites risks to summer oil outlook

OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop… Read More

Oil prices jump in blow to global inflation hopes

Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise… Read More