Opec Deal
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Resistance To COP28 Plegde To Phase Out Fossil Fuels After OPEC Pushback
Some countries are resisting a pledge to phase-out fossil fuels in a COP28 climate deal, jeopardising attempts for UN climate talks to deliver a hard commitment for the first time in 30 years on ending the use of oil and gas.
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Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
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Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May
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Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
OPEC+ meets on June 2 and is expected to stick to last year's deal to raise July output targets by 432,000 barrels per day
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
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India Wants Russia To Discount Its Oil To Less Than $70 A Barrel: Report
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter.
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OPEC+ Likely To Stick To Existing Deal And Raise June Output - Report
OPEC+ is likely to stick to its existing deal and agree another small output increase for June when it meets on May 5
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India Plans Refiners' Joint Oil Deals To Cut Import Bill
With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.
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Saudis, Russians "Close To Deal", Says Donald Trump As Oil Prices Plummet
US President Donald Trump said Thursday that Russia and Saudi Arabia are "close" to agreeing on production cuts to prop up oil prices.
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Resistance To COP28 Plegde To Phase Out Fossil Fuels After OPEC Pushback
Some countries are resisting a pledge to phase-out fossil fuels in a COP28 climate deal, jeopardising attempts for UN climate talks to deliver a hard commitment for the first time in 30 years on ending the use of oil and gas.
-
Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May
-
Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
OPEC+ meets on June 2 and is expected to stick to last year's deal to raise July output targets by 432,000 barrels per day
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
India Wants Russia To Discount Its Oil To Less Than $70 A Barrel: Report
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter.
-
OPEC+ Likely To Stick To Existing Deal And Raise June Output - Report
OPEC+ is likely to stick to its existing deal and agree another small output increase for June when it meets on May 5
-
India Plans Refiners' Joint Oil Deals To Cut Import Bill
With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.
-
Saudis, Russians "Close To Deal", Says Donald Trump As Oil Prices Plummet
US President Donald Trump said Thursday that Russia and Saudi Arabia are "close" to agreeing on production cuts to prop up oil prices.
