Oil set for biggest quarterly rise since 2009 amid OPEC cuts, sanctions
LONDON: Oil prices rose on Friday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest …
OPEC
Trump presses OPEC to boost output to cool oil prices
NEW YORK: US President Donald Trump on Thursday called on OPEC to boost oil output following a fairly steady rise in crude prices in 2019. “Very …
Oil slips but holds near 2019 peak as supplies tighten
LONDON: Oil edged lower on Thursday but held near 2019 highs, supported by a tightening of global stocks, OPEC production cuts and U.S. sanctions on key …
OPEC and allies meet to review oil production cuts
BAKU: OPEC nations and allied oil producers met in Azerbaijan on Monday to review a strategy of production cutbacks that has propped up crude prices. The …
Fearing new oil glut, OPEC builds case for keeping supply cuts
LONDON: OPEC on Thursday cut the forecast of global demand for its oil this year as rivals boost production, building a case for extending supply curbs beyond …
Russia and OPEC: convenience but no marriage
MOSCOW: Two years after they teamed up to take back control of oil markets, the alliance between Russia and OPEC continues to be effective. But experts say …
Saudi defiant on oil cuts after Trump tells OPEC to ‘relax’
RIYADH: The Saudi energy minister said Wednesday he is leaning towards extending oil production cuts in the second half of 2019, despite US President Donald …
Oil slides as Trump tells OPEC to ‘relax’
LONDON: The price of oil sank Monday after US President Donald Trump urged the OPEC crude producers’ cartel to help cut “high” prices and aid …
OPEC squeezes oil output to 4-year low, Russia compliance low
PARIS: OPEC production fell to a four-year low in January as the cartel applied a new pact to boost global oil prices, the International Energy Agency said …
OPEC oil production falls as S.Arabia slashes output
PARIS: Global oil cartel OPEC said Tuesday it sharply reduced crude oil production last month, after heavyweight Saudia Arabia slashed output and exports fell …