Opec After Saudi Arabia
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OPEC+ Hikes Oil Production Quotas Without Mentioning UAE Pull-Out
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
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The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
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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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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
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Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
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"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
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Joe Biden To "Re-evaluate" Ties With Saudi Arabia After OPEC Snub
President Joe Biden is to "re-evaluate" the US relationship with Riyadh, the White House said Tuesday, after a Saudi-led coalition of oil-producing nations sided with Russia to slash output.
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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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Saudi Overtakes Russia To Be India's No. 2 Oil Supplier
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed.
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Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
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Oil Prices: Truce, Finally, Between US And Saudi Arabia
The US and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand.
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High Oil Prices To Hurt Global Economic Recovery: India To OPEC
India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reas
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After Drone Attack, Saudi Arabia Stops Pumping At Major Oil Pipeline
OPEC kingpin Saudi Arabia said it had stopped pumping crude oil along a major pipeline Tuesday following a drone attack, hours after Yemen's Huthi rebels said they had targeted vital Saudi installations.
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Saudi Arabia Pumps Record Amount Of Oil As Trump Piles On Pressure
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting next week.
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When Iran Exports Fall After US Sanctions, Saudi To Open Its Oil Tap
With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.
-
OPEC+ Hikes Oil Production Quotas Without Mentioning UAE Pull-Out
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
-
The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
-
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.
-
Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
-
Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
-
"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
-
Joe Biden To "Re-evaluate" Ties With Saudi Arabia After OPEC Snub
President Joe Biden is to "re-evaluate" the US relationship with Riyadh, the White House said Tuesday, after a Saudi-led coalition of oil-producing nations sided with Russia to slash output.
-
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.
-
Saudi Overtakes Russia To Be India's No. 2 Oil Supplier
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed.
-
Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
-
Oil Prices: Truce, Finally, Between US And Saudi Arabia
The US and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand.
-
High Oil Prices To Hurt Global Economic Recovery: India To OPEC
India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reas
-
After Drone Attack, Saudi Arabia Stops Pumping At Major Oil Pipeline
OPEC kingpin Saudi Arabia said it had stopped pumping crude oil along a major pipeline Tuesday following a drone attack, hours after Yemen's Huthi rebels said they had targeted vital Saudi installations.
-
Saudi Arabia Pumps Record Amount Of Oil As Trump Piles On Pressure
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting next week.
-
When Iran Exports Fall After US Sanctions, Saudi To Open Its Oil Tap
With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.
