Oil prices jump as OPEC on course to extend output cuts
VIENNA: Oil prices jumped Monday as OPEC nations moved towards extending daily oil output caps that help the price of crude rise strongly this year. Ministers …
OPEC
OPEC faces output balancing act over US-Iran crisis
LONDON: OPEC is on red alert over escalating US-Iran tensions that have fuelled strong oil-price gains — but the cartel and other crude-producing nations …
OPEC to meet July 1 and 2 after several postponements
VIENNA: Major oil-producing countries meet in Vienna on July 1 and 2, the OPEC website and a delegate said Wednesday, after the biannual gathering had been …
Oil rises on U.S.-Iran tensions, but trade war concerns weigh
SINGAPORE: Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this …
US sanctions on Iranian oil risk stoking OPEC tensions
LONDON: Washington is counting on Middle East allies to help prevent its sanctions on Iran’s oil exports from sending oil prices skyrocketing, but …
OPEC says determined to avoid an ‘energy crisis’
TEHRAN: OPEC is determined to avoid a global “energy crisis” as some of its members are facing international sanctions and others struggling with …
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 …
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 …