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
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 …
Oil prices hit 2019 highs as sanctions against Venezuela, OPEC cuts bite
SINGAPORE: Oil prices rose to their highest so far this year on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry …
Oil prices surge as OPEC agrees joint 1.2 mn bpd cut with partners
VIENNA: OPEC members and 10 other oil producing nations, including Russia, agreed Friday to cut output by 1.2 million barrels a day in a bid to reverse falls …
US ‘not in a position to tell (OPEC) what to do’: Saudi Arabia
VIENNA:The United States should not try to dictate policy to OPEC, Saudi Arabia’s oil minister said on Thursday. “We don’t need …
Oil prices surge more than 5%
SINGAPORE: Oil prices soared more than five percent on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed to halt raising …
Oil firms on supply cut talk; still set for sixth weekly loss
LONDON: Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup recent losses on oversupply concerns …
Oil falls after Trump urges OPEC not to cut supply
LONDON: Oil prices fell more than 1 percent on Tuesday, with benchmark Brent crude slipping below $70 per barrel and U.S. crude under $60, after U.S. President …
Saudi Arabia to ship less oil in December as it floats cut talks possibility
ABU DHABI: Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC …
OPEC, allies may need to change course as oil inventories rise: panel
LONDON: OPEC signaled on Thursday it may have to return to oil production cuts as global inventories rise, in a statement that may further sour relations with …