Saudi Arabia and allied oil-producing countries agreed on Sunday to extend most of their deep oil output cuts well into 2025, exceeding market expectations, as…
Posts tagged as “OPEC”
Oil prices steadied on Monday morning amid political uncertainty in major producing nations following the death of Iran’s president and other officials in a helicopter…
No progress has been made in long-standing talks for international oil companies to resume exporting crude from the semi-autonomous entity controlling Iraq’s north to Türkiye,…
Major oil producers and members of the OPEC+ group, led by Saudi Arabia and Russia, agreed on Sunday to extend voluntary oil output cuts of…
Russia on Tuesday said it would introduce a six-month ban on gasoline exports starting March 1 to keep prices stable amid rising domestic demand in…
Saudi Arabia’s decision to delay oil capacity expansion plans should not be translated as an assessment that demand for crude is falling, according to Haitham…
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have called on all OPEC+ countries to participate in the group’s agreement on oil…
The world demand for crude is expected to continue to grow for the next two decades, according to the OPEC oil cartel on Monday, despite…
Organization of Petroleum-Exporting Countries (OPEC) is positive about demand and sees underinvestment as a risk to energy security, Secretary-General Haitham Al Ghais stated on Monday…
Oil cuts by Saudi Arabia and Russia will lead to a “significant” global supply shortfall through the end of the year, increasing the risk of…