OPEC

Talks about Russia, OPEC permanent relationship ‘premature’: experts

Russia's privileged position with OPEC allows it to assert itself against the United States in… Read More

Oil hits 2019 highs amid OPEC cuts, partial Saudi field outage

The international benchmark for oil prices is at a near 3-month high and set for… Read More

Opec oil production falls as Saudi Arabia slashes output

The reduction came mostly from the world’s top oil exporter and Opec kingpin Saudi Arabia,… Read More

NOPEC: US bill targeting OPEC could be double-edged sword

US Presidents George W. Bush and Barack Obama each opposed the measure, limiting its prospects… Read More

Russia says oil price war with US would be too costly

Russia should not unleash an oil price war against the US but rather stick with… Read More

Oil rises to $57 on China-U.S. trade talks, OPEC cuts

LONDON: Oil rose to around $57 a barrel on Friday after China said it would… Read More

Oil producers to have extra meeting if output cuts ‘not enough’: UAE

KUWAIT: If an agreed cut in oil output by 1.2 million barrels per day is… Read More

OPEC, Russia agree to slash oil output despite Trump pressure

VIENNA: OPEC and its Russia-led allies agreed on Friday to slash oil production by more… Read More

OPEC face steep challenge to reach oil cut deal

VIENNA: OPEC will meet with 10 partner countries, including Russia, on Friday to try to… Read More

Saudi Arabia works on convincing Russia to join oil cuts

VIENNA: Saudi Arabia sought to persuade Russia on Wednesday to cut oil production substantially with… Read More

Qatar announces pullout from OPEC in 2019

DOHA: Qatar's Energy Minister Saad al-Kaabi on Monday announced his country will leave the OPEC… Read More

Oil dips on swelling U.S. stocks, but expected OPEC supply cut stems losses

SINGAPORE: Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level… Read More

Oil prices climb amid expected OPEC cut, but markets remain wary

SINGAPORE: Oil prices rose around 1 percent on Monday as traders expected top exporter Saudi… Read More

Trump says US will only give aid ‘to our friends’

US President Donald Trump said on Tuesday that the United States would only give aid… Read More

Trump says OPEC ‘monopoly’ must get prices down

U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices as… Read More

Iran says OPEC has ‘not much credit’ left

Oil cartel OPEC has "not much credit" left as some members are turning it into… Read More

Saudi cuts oil output as OPEC points to 2019 surplus

LONDON: OPEC on Monday forecast lower demand for its crude next year as rivals pump… Read More

Most Asian markets down as oil slump hits energy firms

Energy firms led a sell-off in most Asian equity markets on Tuesday a day after… Read More

Oil prices rise as looming Norway strike adds to disruptions

TOKYO: Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent… Read More

Iranian oil minister calls Trump’s order to OPEC insulting

LONDON: Iran’s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by… Read More