OPEC

Egypt participates in G-20 ministerial meeting

Fri, 10 Apr 2020 - 09:18 GMT

The participants discussed cutting down oil output at the world level to restore stability of the international oil market.

Brent crude could plunge to ‘single-digit lows’: Fitch warns

Mon, 06 Apr 2020 - 12:45 GMT

The Organization of the Petroleum Exporting Countries and its allies are expected to meet on Thursday — a delay from Monday — in an attempt to agree on production cuts.

Oil drops toward 17-year low as hopes for OPEC-Texas production truce fade

Mon, 23 Mar 2020 - 12:41 GMT

Futures in London fell around 4 percent to near $26 a barrel, while West Texas Intermediate rose after the April contract expired Friday.

7th meeting of ministers of OPEC, non-OPEC countries launches in Vienna

Sat, 07 Dec 2019 - 01:11 GMT

The 7th meeting of Ministers of OPEC and non-OPEC countries kicked off on Friday, under the co-chairmanship of Saudi Arabia and Russia.

Oil higher as Saudi pushes for further supply cuts

Tue, 03 Dec 2019 - 10:26 GMT

Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week.

Crude oil prices fall 1% on fears for global economy

Fri, 05 Jul 2019 - 10:02 GMT

Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher.

OPEC set to extend oil supply cut as Iran endorses pact

Mon, 01 Jul 2019 - 09:51 GMT

OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia.

Brent oil jumps over $2 as OPEC+ poised to extend supply cut

Mon, 01 Jul 2019 - 09:38 GMT

Oil prices rose over $2 a barrel on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.

Ample non-OPEC supplies and weak demand a bane to oil prices: watchdog

Fri, 14 Jun 2019 - 09:17 GMT

Tepid growth in demand for oil along with ample supplies from non-OPEC countries will complicate efforts.

Oil up on escalating U.S.-Iran tensions, but trade war worries cap gains

Tue, 21 May 2019 - 10:31 GMT

But gains were checked by concerns that a prolonged trade war between Washington and Beijing could lead to a global economic slowdown.

Oil prices weighed down by record U.S. output, inventories

Thu, 02 May 2019 - 09:31 GMT

U.S. West Texas Intermediate crude futures were down 60 cents at $63.00 per barrel.

Saudi Arabia calls for pressure on Iran to cease terrorist activities

Thu, 25 Apr 2019 - 10:26 GMT

Speaking in Riyadh, al-Falih said he was guided by oil market fundamentals, not prices, and global oil inventories continued to rise.

Oil hits highest since November as U.S. to tighten Iran sanctions

Tue, 23 Apr 2019 - 10:06 GMT

Despite the move, spare capacity from other suppliers such as Saudi Arabia might be able to ensure oil markets cope with a cut in Iranian exports.

Oil slips to $71, hit by talk of higher OPEC+ production

Tue, 16 Apr 2019 - 09:42 GMT

Analysts on average expect U.S. crude stockpiles to have risen by 1.9 million barrels last week, the fourth straight increase. The first of this week’s stockpile reports is due at 2030 GMT from the American Petroleum Institute. [EIA/S]

Oil prices slip amid worries of severe economic slowdown

Mon, 25 Mar 2019 - 10:07 GMT

Brent crude oil futures were at $66.73 per barrel at 0752 GMT, down 30 cents, or 0.5 percent, from their last close.

Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions

Tue, 19 Mar 2019 - 10:06 GMT

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.

Saudi's Falih: OPEC may cancel April meet, but hold steady on oil output

Mon, 18 Mar 2019 - 09:30 GMT

“We are not under pressure except by the market,” Khalid al-Falih told reporters.

Oil rises amid OPEC supply cuts, U.S. sanctions on Iran and Venezuela

Wed, 13 Mar 2019 - 10:01 GMT

International Brent crude oil futures were at $66.95 a barrel at 0751 GMT, up 28 cents, or 0.4 percent, from their last close.

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts

Thu, 07 Mar 2019 - 09:51 GMT

Brent crude futures were at $66.12 per barrel at 0757 GMT, up 13 cents, or 0.2 percent, from their last close.

Oil advances as OPEC set to continue supply cuts despite U.S. pressure to ease

Wed, 27 Feb 2019 - 09:22 GMT

International Brent crude futures were at $65.48 per barrel, up 27 cents, or 0.4 percent from their last close.

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