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OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
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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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Brazil Set To Join OPEC From Next Year
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.
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India To Buy Venezuelan Oil? What Minister Said
Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.
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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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Some Oil-Rich Nations Wary Of Strain Under Biden, Miss "Friend Trump": Report
Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as US President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.
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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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Donald Trump Accuses OPEC Of "Rip-Off", Calls For Lower Prices
US President Donald Trump accused members of the OPEC oil cartel of "ripping off" the world on Tuesday as he called for a lowering of fuel prices.
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"Saudi Arabia, UAE Turning OPEC Into A US Tool," Says Iran
Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday.
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OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
-
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.
-
Brazil Set To Join OPEC From Next Year
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.
-
India To Buy Venezuelan Oil? What Minister Said
Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.
-
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.
-
Some Oil-Rich Nations Wary Of Strain Under Biden, Miss "Friend Trump": Report
Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as US President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.
-
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.
-
Donald Trump Accuses OPEC Of "Rip-Off", Calls For Lower Prices
US President Donald Trump accused members of the OPEC oil cartel of "ripping off" the world on Tuesday as he called for a lowering of fuel prices.
-
"Saudi Arabia, UAE Turning OPEC Into A US Tool," Says Iran
Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday.
