OPEC+
- Middle East
Oil prices rise as Saudi Arabia announces further voluntary cuts
London: Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices, the media reported on Monday. Saudi Arabia said it would make cuts of a…
- Middle East
UAE to voluntarily cut oil output by 144,000 bpd from May to end of 2023
Abu Dhabi: Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, announced that the UAE will voluntarily cut its oil output by 144,000 bpd, effective May through the end of 2023,…
- Middle East
Saudi Arabia to cut oil production by 573,000 barrels/day from Nov
Riyadh: Abiding by the decision of the Organisation of Petroleum Exporting Countries (OPEC), Saudi Arabia has decided to reduce oil production by 573,000 barrels per day. OPEC+ recently decided to cut down…
- Middle East
Turkish FM Cavusoglu says US bullying Saudi Arabia over OPEC
Ankara: Turkish Foreign Minister Mevlut Cavusoglu said that what he described as the ‘bullying’ of the United States against Saudi Arabia regarding the decisions of the OPEC+ union to reduce oil production,…
- Middle East
Saudi Arabia, China discuss stability of global oil market
The Saudi Arabia Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz and National Energy of the People’s Republic of China, Zhang Jianhua on Friday affirmed their readiness to cooperate in maintaining the…
- Middle East
Saudi: ‘Working to stabilize and balance oil markets,’ says King Salman
Riyadh: Saudi Arabia’s King Salman bin Abdulaziz on Sunday said that his country is working hard to support the stability and balance of global oil markets, in the latest response to US…
- Middle East
Saudi Arabia dismisses accusations of support to Russia
Riyadh: The Kingdom of Saudi Arabia’s Defense Minister Prince Khalid bin Salman expressed his surprise at accusing Saudi Arabia of siding with Russia in its war against Ukraine. Prince Khaled on Sunday…
- Middle East
Saudi Arabia says US sought a month delay of OPEC+ decision
Riyadh: Saudi Arabia said Thursday that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month…
- Middle East
Biden re-evaluating relations with Saudi Arabia after OPEC+ decision
The White House on Tuesday announced that US President Joe Biden is re-evaluating his country’s relations with Saudi Arabia. This comes after the OPEC+ group of oil producers announced on October 5,…
- Middle East
White House fails to prevent OPEC+ decision to cut oil production
The administration of US President Joe Biden launched a large-scale campaign in a last attempt to distract US allies in the Middle East from the decision to significantly reduce oil production, the Cable News…
- World
White House says OPEC+ ‘aligning’ with Russia
Washington: The White House on Wednesday (local time) expressed disappointment over the announcement of a cut in oil production quotas by Organization of the Petroleum Exporting Countries (OPEC) and its allies. Criticizing…
- Middle East
Iraq’s oil production to rise 4.580 million barrels per day
Baghdad: Iraq said that its oil production would reach 4.58 million barrels per day (bpd) in July and August. The latest increase came after the Organization of the Petroleum Exporting Countries (OPEC)…
- World
OPEC+ decides oil output amid concern over Russia, Ukraine
Frankfurt: Oil cartel OPEC and allied countries are deciding how much oil to feed into the global economy as crude prices hover near seven-year highs spiking gasoline costs and fears of a…