OPEC

Saudi Arabia, Kuwait ink deal to resume joint oil output

Kuwait's oil minister Khaled al-Fadhel said on Twitter that the memorandum of understanding signed with… Read More

Saudi, Russia look to seal deeper output cuts with oil producers

Saudi Arabia and Russia will seek approval for deeper output cuts from OPEC and allies… Read More

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

Prince Abdulaziz bin Salman heads to Vienna this week for his first OPEC meeting as… Read More

Growth in global oil demand to slow from 2025: IEA

Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves… Read More

Saudi Arabia, US to cooperate on security of global energy supply

Saudi Energy Minister Prince Abdulaziz bin Salman and US Energy Secretary Rick Perry met in… Read More

Saudi visit showcases Putin’s growing Middle East influence

Russian President Vladimir Putin visits Saudi Arabia on Monday for the first time in over… Read More

OPEC+ to discuss deeper oil cuts on Thursday: Iraq minister

OPEC and its allies will discuss whether there is a need for deeper cuts in… Read More

OPEC output hits new low on Trump’s sanctions, supply pact

Despite lower supplies, crude oil has fallen from a six-month high above $75 a barrel… Read More

Oil jumps on Riyadh-Moscow output deal, as OPEC gathers

Oil prices jumped Monday after OPEC kingpin Saudi Arabia and non-member Russia agreed to keep… Read More

Russia agrees with Saudi Arabia to extend OPEC deal

Russia has agreed with Saudi Arabia to extend by six to nine months a deal… Read More

Saudi Energy Minister hopes OPEC agrees to extend production cut ‘early July’

Falih said earlier this month that OPEC was close to agreeing to extend the agreement… Read More

Saudi’s Falih: only Russia is undecided on OPEC deal extension

Saudi Energy Minister Khalid al-Falih said Russia was the only oil exporter still undecided on… Read More

Kuwait oil minister sees balanced oil market towards end 2019

The oil market is expected to be in balance towards the end of 2019, as… Read More

Saudi Arabia says oil stocks still building, but OPEC to act if needed

Falih said OPEC is guided by two main principles: “One to keep the market in… Read More

‘Use of oil as weapon by nations threatens Opec’

The United States demanded that buyers of Iranian oil stop purchases by May 1 or… Read More

India to get extra oil from other producers to make up for Iran loss

India will get additional supplies from other major oil producing countries to compensate for the… Read More

Saudi Arabia says May will be key to decide on extending supply cut deal

The Saudi energy minister said on Monday it was premature to say whether there was… Read More

Saudi Arabia threatens to ditch dollar oil trades

Saudi Arabia is threatening to sell its oil in currencies other than the dollar if… Read More

Oil producers to decide in June on extending cuts

Major oil producers led by Saudi Arabia agreed Monday to keep working together to prop… Read More

OPEC’s Barkindo says rebound in oil investments ‘very minimal’

'Barkindo added he would welcome greater engagement with the United States to tackle industry issues' Read More