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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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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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U.S. Not Expecting Saudi Arabia To Immediately Boost Oil Output
The United States does not expect Saudi Arabia to immediately boost oil output and awaits the outcome of an OPEC+ meeting on Aug. 3.
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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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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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OPEC Postpones Technical Meetings To Evaluate Omicron Impact
OPEC and allies known as OPEC+ have move their joint technical committee to Wednesday from Monday, according to the documents. OPEC would hold a meeting the same day.
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Oil Producers Cannot Hold Consumers To Ransom, Says India Oil Minister
Ahead of the OPEC+ meeting next week to set output policy, Puri blamed the key producers for keeping supplies lower than demand.
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Oil Prices Need To Be "Little Bit Sober", India Tells OPEC
Ahead of a meeting of oil producers' cartel OPEC, India said today that the current oil prices are "very challenging" and rates need to be a "little bit sober" lest they impact a consumption-led recovery of the global economy.
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Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15 per cent, while meeting the normal monthly requirements of Indian refiners
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OPEC Shares 'Greet With Feet' Video Amid Dos-And-Don't Over Coronavirus
When OPEC ministers descend on Vienna to decide oil production policy, their meetings are usually accompanied by displays of brotherhood between the men in charge of a third of global crude supplies.
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In Major Shift, US Now Exports More Oil Than It Ships In
The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply.
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PM Modi's Views Taken Seriously While Deciding Oil Prices: Saudi Minister
The Organisation of Petroleum Exporting Countries or OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said on Thursday.
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As Trump Calls For Boost, Oil-Exporting Nations Eye Output Cuts
OPEC members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open.
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Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations' Group Meet
U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.
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Qatar To Leave Oil-Exporting Nations' Group OPEC
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group's meeting this week, saying the decision meant Doha could focus on cementing its position as the world's top liquefied natural gas (LNG) exporter.
-
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.
-
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.
-
U.S. Not Expecting Saudi Arabia To Immediately Boost Oil Output
The United States does not expect Saudi Arabia to immediately boost oil output and awaits the outcome of an OPEC+ meeting on Aug. 3.
-
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
-
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
-
OPEC Postpones Technical Meetings To Evaluate Omicron Impact
OPEC and allies known as OPEC+ have move their joint technical committee to Wednesday from Monday, according to the documents. OPEC would hold a meeting the same day.
-
Oil Producers Cannot Hold Consumers To Ransom, Says India Oil Minister
Ahead of the OPEC+ meeting next week to set output policy, Puri blamed the key producers for keeping supplies lower than demand.
-
Oil Prices Need To Be "Little Bit Sober", India Tells OPEC
Ahead of a meeting of oil producers' cartel OPEC, India said today that the current oil prices are "very challenging" and rates need to be a "little bit sober" lest they impact a consumption-led recovery of the global economy.
-
Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15 per cent, while meeting the normal monthly requirements of Indian refiners
-
OPEC Shares 'Greet With Feet' Video Amid Dos-And-Don't Over Coronavirus
When OPEC ministers descend on Vienna to decide oil production policy, their meetings are usually accompanied by displays of brotherhood between the men in charge of a third of global crude supplies.
-
In Major Shift, US Now Exports More Oil Than It Ships In
The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply.
-
PM Modi's Views Taken Seriously While Deciding Oil Prices: Saudi Minister
The Organisation of Petroleum Exporting Countries or OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said on Thursday.
-
As Trump Calls For Boost, Oil-Exporting Nations Eye Output Cuts
OPEC members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open.
-
Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations' Group Meet
U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.
-
Qatar To Leave Oil-Exporting Nations' Group OPEC
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group's meeting this week, saying the decision meant Doha could focus on cementing its position as the world's top liquefied natural gas (LNG) exporter.
