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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...
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 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...
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 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 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 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 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...
Crude oil prices fell on Thursday after OPEC said it expected demand to drop more than expected, although data showing a decline in US inventories lent support. Brent crude...
The current developments and future prospects of the global oil markets were deliberated on Friday by the oil ministers of the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Iraq. This...
