Home
> OPEC
OPEC
Venezuela hikes petrol prices and devalues currency to tackle economic crisis
The country is suffering from its worst recession in over a decade coupled with triple-digit inflation.
Oil crisis: Iran to continue increasing production, saying freezing output would be 'illogical'
Iran's OPEC envoy says Tehran will not commit to a deal between Saudi Arabia and Russia over capping output
Oil crisis: Opec members to persuade Iran to join Saudi Arabia and Russia in freezing output
Oil ministers of Venezuela and Iraq are travelling to Tehran to discuss the issue.
Why we should be cautious of Saudi Arabia and Russia's oil deal
Saudi Arabia, Russia, Venezuela and Qatar agree to freeze oil output at January levels.
Saudi Arabia agrees to freeze oil production after emergency talks in Doha
Decision to freeze production to January levels is 'adequate' after meeting with Russia and Iran.
Oil crisis: Officials from Saudi Arabia, Russia, Venezuela and other Opec members meeting in Doha
Scepticism about Saudi Arabia and Iran cutting production clouds meeting.
Oil crisis: Investors begin to capitalise on low prices as slowdown fears are overdone
DeVere Group CEO claims low oil prices could be beneficial and panic over 'minor bump' was exaggerated.
Oil prices: IEA warns of further plunge as OPEC hikes production and demand growth slows
Return of Iran to the oil market after sanctions were lifted in January is expected to boost OPEC output.
London property: Falling oil price will fuel prime central housing market
Estate agents Knight Frank highlights oil as property market driver in its Prime Central London Sales Index.
Oil crisis: Russia to talk to Opec countries on output cuts in bid to boost oil price
Head of Russia's oil pipeline Nikolai Tokarev hints on possible cooperation with oil cartel.
Standard Chartered oil warning: UK bank says prices could slide to $10 a barrel
Goldman Sachs, RBS and Morgan Stanley too are ultra-bearish about oil prices.
Market turmoil: Saudi Arabia suffers but rock bottom oil is lesser of two evils
Riyadh will not halt record production at risk of aiding Iran and US shale.
Brent crude oil price hits 11-year low as tension between Saudi Arabia and Iran intensifies
Geopolitical tension in the Middle East and concerns over China drag price sharply down.
Opec predicts oil prices will recover to $70 a barrel by 2020
Cartel says 2014 levels of oil prices will not be achieved until 2040.
Oil hits seven-year low as Iran promises further supply
Iran says there is 'absolutely no chance' in delaying increased oil shipments.
Opec meeting: Oil leaders' decision against output ceiling threatens Fed confidence
An Iran-Saudi dispute ended without any significant plans for a production limit.
Opec meeting: Oil prices inch up from five-year low as leaders meet in Vienna to deal with crisis
Crude oil and WTI benchmarks are expected to remain under $60 in 2016.
Saudi Arabia business activity dives to all-time low amid oil price slump
Saudi Arabia non-oil business growth hits record low.
Saudi Arabia may run out of financial assets by 2020 says IMF
Riyadh's budget deficit forecast to hit 20% of GDP this year amid low oil prices.
Venezuela President Nicolas Maduro calls on $70 oil floor again ahead of Opec meeting
Maduro also said he was 'doing everything to save the price and the stability of our oil'.
Non-Opec oil output set for biggest fall since 1992 says IEA
Oil production outside Opec forecast to drop by 500,000 barrels per day in 2016.
China worries cause oil prices to fall back following record jump after Opec measures
Commodities have suffered from falling worldwide demand and hiked production.
Oil prices at new 6.5-year lows; Brent and WTI fall below $45 and $40 respectively
Brent crude is down 2.38% at $44.38 per barrel as at 4.15am GMT, while WTI crude declined 2.92% at $39.47.
Oil prices fall further as traders expect rates as low as $30
Brent crude is trading down 0.27% at $48.61 per barrel as at 5.48 am GMT, while WTI crude fell 0.14% at $41.81.
Saudi Arabia set to borrow heavily as low oil prices create budget deficits
Saudi used almost $62bn of its foreign currency reserves so far in 2015, and borrowed $4bn from local banks in July.
A new oil environment: How companies deal with the 'prolonged downturn' of prices
The cuts in spending and the increased M&A activity in the market can be attributed to the falling oil price.
Iran economic explosion: Which banks will be first to take the plunge?
Market watchers predict banks from China or India might be first into Iran but Germany also looks like a contender.
Iran nuclear deal: Oil price plummets as production is expected to pick up
Brent Crude fell by 1.52% after marathon talks by P5+1 officials resulted in a deal for Iran.
Tullow Oil expects profits to halve in first half year of 2015 after falling oil prices
Tullow Oil said it will increase West Africa production levels from 68,000 to 70,000 barrels per day.
Oil prices down amid oversupply fears from Iran, as Opec decides to maintain production goal
WTI crude fell 0.83% to $58.64 per barrel, while Brent crude for July fell 0.68% to $62.88 as at 1.10am ET.