Tag: OPEC

London: Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said Friday, after …

LONDON: Top oil producers were trying to finalise a crucial agreement on output cuts in the small hours of Friday in an attempt to …

Vienna: The OPEC+ grouping led by major oil producer Russia will meet Monday via a video conference, a source close to OPEC said Friday. …

Riyadh: Leading world crude exporter Saudi Arabia on Thursday made a surprise call for a meeting of the OPEC+ oil producers to “stabilise the oil …

Algiers: A committee appointed by the OPEC club of oil-producing countries and its allies to study the effects of coronavirus recommended additional output cuts …

Houston: Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) will average 29.6 million barrels per day (b/d) in 2020, down …

Saudi shares slumped at the start of trading Sunday, the first session after drone attacks on two major oil facilities knocked out more than …

Vienna: Oil prices jumped Monday as OPEC nations moved towards extending daily oil output caps that help the price of crude rise strongly this …

LONDON: OPEC is on red alert over escalating US-Iran tensions that have fuelled strong oil-price gains — but the cartel and other crude-producing nations …

New York: Oil prices rose slightly on Thursday, as investors looked to an output cut deal to be extended between the Organisation of Petroleum …

New York: Oil prices rose slightly on Thursday, as investors looked to an output cut deal to be extended between the Organisation of Petroleum …

JEDDAH: Oil supplies were sufficient and stockpiles were still rising despite massive output drops from Iran and Venezuela, said OPEC kingpin Saudi Arabia and …

RIYADH: The Saudi energy minister said Wednesday he is leaning towards extending oil production cuts in the second half of 2019, despite US President …