OPEC

OPEC+ seen heading for oil policy rollover

OPEC+ is likely to stick to its current oil output target when it meets on… Read More

Saudi Arabia denies OPEC+ is discussing oil output increase

Saudi Arabia on Monday denied a report that oil producers were discussing a production increase… Read More

OPEC+ cuts ahead of winter fan global inflation concerns

Concerns over tight oil supplies and soaring inflation have intensified after the OPEC+ group of… Read More

OPEC+ mulling largest cuts since 2020 crisis

The OPEC+ group of oil producers is discussing output cuts of more than 1 million… Read More

OPEC+ to meet in Vienna Wednesday for first time since 2020

VIENNA: The OPEC+ oil cartel will meet in Vienna next week for the first time… Read More

Oil prices rise on potential OPEC+ supply cuts; BP shuts US refinery units

SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian… Read More

Biden focused on controlling US oil prices after OPEC+ output increase

WASHINGTON: President Joe Biden remains focused on keeping fuel prices down for Americans, the White… Read More

Oil prices increase ahead of OPEC meeting despite recession worries

Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+… Read More

Oil sinks after weak factory data sparks demand concerns

Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on… Read More

Oil up over $2 per barrel as hopes fade for OPEC+ supply boost

Oil prices settled up more than $2 a barrel on Friday as attention turned to… Read More

OPEC+ must produce more oil: Boris Johnson

British Prime Minister Boris Johnson said on Monday OPEC+ must produce more oil to try… Read More

OPEC sees global oil demand growth slowing in 2023

World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as… Read More

Oil rises despite OPEC+ output hike plan; supply still tight

Oil rose higher on Friday, supported by expectations that OPEC's decision to increase production targets… Read More

Saudi Arabia, OPEC may make up for Russian oil output loss

Saudi Arabia and other OPEC members may boost oil output to offset a drop in… Read More

Oil prices fall as investors await OPEC+ policy

Oil prices fell on Thursday as investors cashed in on a recent rally ahead of… Read More

Oil turns negative as OPEC eyes Russia suspension from output deal

Oil prices turned negative on Tuesday after a report that some producers were exploring the… Read More

Explainer: Who Controls Petroleum Prices?

Across the globe, oil remains a key component of the energy mix. In countries where… Read More

Pressure on OPEC+ eases amid oil demand fears

Major oil producers led by Saudi Arabia and Russia meet Thursday with less pressure to… Read More

Oil rises as Shanghai eases some COVID curbs

Oil prices climbed on Tuesday as fears of a demand downturn in China eased after… Read More

OPEC cuts world oil demand forecast for 2021

OPEC lowered its world oil demand forecast for 2021 on Thursday, citing weaker demand in… Read More