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All Stories: OPEC

Oil slides on OPEC+ output increase, US tariff uncertainty

Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April while markets braced for U.S....

OPEC+ expected to extend oil supply cuts

VIENNA, Austria: The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices...

OPEC says Chinese economy pulling down oil demand

PARIS: Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading the producers cartel to slightly...

Oil steady as investors eye US inflation, OPEC report

Oil prices were little changed on Tuesday as investors eyed fresh drivers, including upcoming U.S. inflation indicators and a monthly report from the Organization...

Several countries extend oil cuts to boost prices

Russia, Saudi Arabia and several other OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an...

OPEC sticks to oil demand view, sees better economic growth

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth...

Oil prices gain after OPEC+ maintains output cuts

SINGAPORE: Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, clawing back some...

Angola decides to leave OPEC; stakeholders react!

LONDON: Angola has decided to leave the Organization of the Petroleum Exporting Countries (OPEC), its oil minister said on Thursday, saying its membership was...

Brent climbs ahead of OPEC+ oil production decision

Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come...

Oil extends gains as OPEC+ to mull deeper cuts

Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four...

Saudi to cut oil output in July as OPEC extends deal into 2024

VIENNA: Saudi Arabia will make deep production cuts in July as part of a broader output-limiting OPEC+ deal as the group faces flagging oil...

OPEC+ begins meetings that may agree further output cuts

OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1 million...

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 U.S. debt ceiling pact cooled the market's risk-on sentiment...

Oil prices stabilise after hefty losses

Oil prices steadied on Thursday after the previous day's price drop erased the supportive impact of a surprise cut to OPEC production targets this...

OPEC cites risks to summer oil outlook

OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to shock output target cuts announced by OPEC+ producers...

Oil prices edge up as OPEC+ output cuts

Oil prices rose on Wednesday, boosted by expectations of U.S. crude inventory declines as well as the latest output cut targets set by the...

Saudi Arabia, OPEC+ producers announce surprise oil output cuts

DUBAI: Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day...

Putin and Saudi crown prince discuss OPEC+ cooperation

Russian President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed Bin Salman on Monday to discuss cooperation within the OPEC+ group...

Oil prices surge after OPEC+ reaffirms oil output targets

MELBOURNE: Oil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price...

Opec+ likely to maintain oil output levels

Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, ahead of fresh...
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