Oil prices ease as Aramco says ready to boost crude output
Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S.
OPEC, unlike IEA, sees lower 2022 oil demand growth
OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic.
Oil falls on demand concerns, greater supply
Oil prices fell in early Asian trade on Thursday as traders anticipated more supply of crude entering the market coupled with weaker demand.
Oil prices dip after industry data shows U.S. crude stockpiles rising
Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.
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UK drivers in go-slow protest over surging fuel prices
The government insists it has already cut fuel duty once, and is offering other financial support for the public, while blaming Russia for igniting the rapid rise in energy prices.
Oil prices slip as recession fears rumble on, tight supply stems losses
Oil prices fell in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia.
OPEC Boosts Oil Income In 2021, Well Completions Drop
OPEC's oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members' active rigs posted a modest rebound and new completed wells declined, data from the group showed.
Oil prices steady on doubts OPEC+ can make up Russian deficit
Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session on doubts that producers belonging to OPEC+ can hike their crude output enough to make up for lost supply from Russia.
Oil prices surge as Saudi Arabia pledges to cut output
Members of the oil cartel OPEC and their partners agreed Tuesday to raise output slightly in February and March.
OPEC+ meeting Tuesday will seek to agree on extended production cuts
Crude oil prices have picked up by 25 percent since the beginning of the month and have returned to roughly their pre-pandemic levels.
Trump says OPEC+ planning to cut production 20 mn bpd
After a Sunday videoconference, the top producers agreed to slash daily production by 9.7 million barrels from May.
Asia markets down as oil rallies on output cuts deal
The rally followed months of slumping prices after the COVID-19 outbreak sapped demand as countries around the world are under lockdown.
Asian markets rise after Fed stimulus boosts Wall St
The pandemic has now claimed more than 94,000 lives around the world.
Asian equities mostly rise as dealers eye slowing infection rate
The slowing rate of news infections is providing some much-needed buoyancy to equities as investors eye an easing of lockdown restrictions.
OPEC divided on how to combat coronavirus fallout
The European benchmark of Brent sank to under 50 dollars on Sunday, a level not reached since July 2017.
OPEC expected to extend output cuts amid global headwinds
They are currently due to remain in effect until March 2020 and could be extended until June.
Oil Market Uncertainty Can Worsen Into A Crisis, Warns Expert
The prevailing uncertainty in the oil market abetted by OPEC production cuts, the U.S. sanctions on Venezuela oil and other factors can snowball into an energy crunch and impact oil price, warned an industry expert.
Qatar to pull out of Saudi-dominated OPEC amid Doha boycott
The surprise declaration could make Qatar the first Middle East nation to leave the cartel since its founding in 1960.
A Texas-sized surge in oil production will hold prices down
With oil demand growth slowing, it's entirely possible that U.S. production alone will increase more than global demand in the next few years.
Saudi Arabia defies Trump and warns of 1m barrels a day cut to crude oil output
Trump in recent weeks demanded the oil cartel increase production to drive down U.S. gasoline prices.
Iran rebuffs Trump's call for OPEC to increase oil output
The OPEC oil ministers began arriving in Vienna on Tuesday ahead of their official meeting Friday, which will also include discussions with Russia.
Opec and non-Opec producers extend oil production cuts to Dec 2018
Russian and Saudi oil ministers came together to drive an extension of output cuts for another 12 months in line with market expectations.
Divergence in IEA and Opec oil demand growth forecasts 'not concerning', says Qatari minister
Mohammed Saleh Al-Sada tells IBTimes UK that global crude demand remains healthy and the market is rebalancing.
Opec on track to extend production cuts but doubts over Russia's cooperation persist
Russia's participation is less than certain after Kremlin expresses concern about length of the proposed extension.
Ten 'crude' years: Manoeuvres, wheeling and dealings at Opec over a volatile decade for oil markets
Having spent the last 10 years covering Opec, the IBTimes Business Editor provides a peek inside the 'central bank of oil'.
Oil plunges from 2-year highs ahead of Opec meeting
Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.
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