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Opinion | Can Saudi Arabia, Now Alone At The Top, Manage To Keep Oil Stable?
With the UAE's exit, Saudi Arabia will remain the only swing producer with sufficient spare capacity to exert market influence and respond to supply shocks. This will constrain the grouping's leveraging power.
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Opinion | To Understand UAE's OPEC Exit, Go Back In Time - To A Leaked 'Cable'
Surprising as the UAE's decision is, it is also fully in keeping with its pattern of breaking with regional, in particular, Arab consensus on many issues and forging an independent path.
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UAE Quits OPEC: What It Means For India's Oil Prices, Fuel Bills
Being able to deal with the UAE as a separate seller should give Indian refineries the chance to re-adjust risk levels and pricing, particularly if some volume of crude is routed via overland pipelines to bypass the Hormuz blockade.
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UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
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OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
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The Strait Of Hormuz Has Been Targeted Before. A Look At Past Disruptions
The US and Israel's war with Iran has thrust the Strait of Hormuz at the heart of geopolitical conflict. Iran has brought to a halt nearly all traffic in the waterway, shutting down a critical path for the world's flow of oil.
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Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Nirmala Sitharaman Speaks On Adani Row, Jobs, Oil And Crypto
Finance Minister Nirmala Sitharaman said India could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases energy costs.
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Russia To Slash Crude Oil Output By 5% Over West's Price Cap
Russia will slash its crude oil output by five percent next month, Deputy Prime Minister Alexander Novak announced Friday, in response to a price cap imposed by Western countries.
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Watch: Activists Throw Soup On Van Gogh's 'Sunflowers' Painting In London
Environmental protesters on Friday threw tomato soup over Vincent van Gogh's "Sunflowers" painting at the National Gallery in central London, videos posted on social media showed.
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Eco-Activists Throw Soup On Van Gogh's 'Sunflowers' Painting In London
Environmental protesters on Friday threw tomato soup over Vincent van Gogh's "Sunflowers" painting at the National Gallery in central London, videos posted on social media showed.
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Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
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Oil Poised for Biggest Weekly Rally Since March On OPEC+ Move
Oil headed for the biggest weekly gain since early March as OPEC+ put the market on course for further tightening ahead of winter.
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Opinion | Can Saudi Arabia, Now Alone At The Top, Manage To Keep Oil Stable?
With the UAE's exit, Saudi Arabia will remain the only swing producer with sufficient spare capacity to exert market influence and respond to supply shocks. This will constrain the grouping's leveraging power.
-
Opinion | To Understand UAE's OPEC Exit, Go Back In Time - To A Leaked 'Cable'
Surprising as the UAE's decision is, it is also fully in keeping with its pattern of breaking with regional, in particular, Arab consensus on many issues and forging an independent path.
-
UAE Quits OPEC: What It Means For India's Oil Prices, Fuel Bills
Being able to deal with the UAE as a separate seller should give Indian refineries the chance to re-adjust risk levels and pricing, particularly if some volume of crude is routed via overland pipelines to bypass the Hormuz blockade.
-
UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
-
OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
-
The Strait Of Hormuz Has Been Targeted Before. A Look At Past Disruptions
The US and Israel's war with Iran has thrust the Strait of Hormuz at the heart of geopolitical conflict. Iran has brought to a halt nearly all traffic in the waterway, shutting down a critical path for the world's flow of oil.
-
Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
-
Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
-
Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
-
Nirmala Sitharaman Speaks On Adani Row, Jobs, Oil And Crypto
Finance Minister Nirmala Sitharaman said India could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases energy costs.
-
Russia To Slash Crude Oil Output By 5% Over West's Price Cap
Russia will slash its crude oil output by five percent next month, Deputy Prime Minister Alexander Novak announced Friday, in response to a price cap imposed by Western countries.
-
Watch: Activists Throw Soup On Van Gogh's 'Sunflowers' Painting In London
Environmental protesters on Friday threw tomato soup over Vincent van Gogh's "Sunflowers" painting at the National Gallery in central London, videos posted on social media showed.
-
Eco-Activists Throw Soup On Van Gogh's 'Sunflowers' Painting In London
Environmental protesters on Friday threw tomato soup over Vincent van Gogh's "Sunflowers" painting at the National Gallery in central London, videos posted on social media showed.
-
Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
-
Oil Poised for Biggest Weekly Rally Since March On OPEC+ Move
Oil headed for the biggest weekly gain since early March as OPEC+ put the market on course for further tightening ahead of winter.
