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    Oil prices decline as OPEC+ is yet to agree on Feb output

    Oil prices decline as OPEC+ is yet to agree on Feb output

    05 Jan 2021

    Gulf Today Report  Oil fell on Tuesday as OPEC+ are yet to decide on February output and investors are worried about fuel demand due to new COVID-19 lockdowns. Brent...

    OPEC likely to extend output cut at the upcoming meeting

    OPEC likely to extend output cut at the upcoming meeting

    29 Nov 2020

    Gulf Today Report  OPEC is set to meet on Monday and Tuesday to decide if there would be an extension on production cuts as coronavirus cases surge.     The...

    Opec+ must stick to their agreements: Saudi Arabia

    Opec+ must stick to their agreements: Saudi Arabia

    17 Nov 2020

    DUBAI:  Opec+ oil producers must be prepared to respond to the market and should stick to their agreements, Saudi Arabia’s energy minister said on Tuesday. Opec+, which groups the Organization...

    Oil down over 1% as US election result remains uncertain

    Oil down over 1% as US election result remains uncertain

    05 Nov 2020

    GulfToday Report Oil slumps on Thursday as the race to the White House narrows down with Joe Biden in the lead. US West Texas Intermediate (WTI) crude futures dropped...

    Oil slips as surge in virus cases clouds demand recovery

    Oil slips as surge in virus cases clouds demand recovery

    28 Sep 2020

    Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly...

    OPEC sees steeper oil demand drop as virus remains challenging

    OPEC sees steeper oil demand drop as virus remains challenging

    14 Sep 2020

    World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and recover more slowly than expected next year, OPEC said on Monday, potentially...

    Oil prices steady as producers talk up efforts to rein in supply

    Oil prices steady as producers talk up efforts to rein in supply

    21 Aug 2020

    Oil prices held steady on Friday and were on track for a third consecutive weekly gain, pulled higher by major oil producers' efforts to hold back output amid concerns...

    Oil falls amid demand threat, lower-than-expected drop in stockpiles

    Oil falls amid demand threat, lower-than-expected drop in stockpiles

    20 Aug 2020

    Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected....

    Oil slips as demand worries outweigh US stocks draw

    Oil slips as demand worries outweigh US stocks draw

    19 Aug 2020

    Oil prices eased on Wednesday on concerns that US fuel demand may not recover as quickly as expected amid stalled talks on an economic stimulus package, overshadowing a bigger-than-expected...

    Oil gains, heading for weekly rise amid hopes for fuel demand recovery

    Oil gains, heading for weekly rise amid hopes for fuel demand recovery

    14 Aug 2020

    Oil prices were higher on Friday and on track for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the...

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