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    Opec keeps cuts till December, stresses for more commitment

    12 Sep 2019

    Opec and its allies agreed on Thursday to keep current production cuts until further review in December, with the Kingdom of Saudi Arabia pledging to further strengthen its voluntary production adjustment to 9.890 million bpd in October.

    ‘New Saudi energy minister will boost kingdom’s role in Opec’

    10 Sep 2019

    The United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei congratulated the new Saudi Arabian Rnergy Minister, Prince Abdulaziz Bin Salman, in a tweet.

    Oil prices rise after Saudi Arabia urges caution, vigilance on market

    04 Mar 2021

    Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance at the beginning of a meeting of Opec ministers and their allies about the future of supply cuts.

    Oil hits almost 14-month high after Opec+ extends output cuts

    05 Mar 2021

    Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.

    Oil market rebalancing, pandemic still a risk: Opec

    02 Mar 2021

    The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (Opec), the group’s president said on Tuesday.

    Oil prices up as Opec+ meets to decide on production policy

    01 Apr 2021

    Oil prices rose on Thursday on optimism about U.S and European economic recoveries and expectations OPEC and its allies will keep production curbs in place.

    OPEC sees steeper oil demand drop as virus remains challenging

    14 Sep 2020

    World oil demand will tumble by 9.46 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report, more than the 9.06 million bpd decline expected a month ago.

    Opec+ must stick to their agreements: Saudi Arabia

    17 Nov 2020

    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 of the Petroleum Exporting Countries, Russia and others,

    Oil down over 1% as US election result remains uncertain

    05 Nov 2020

    US West Texas Intermediate (WTI) crude futures dropped 64 cents, or 1.63%, to $38.51 a barrel at 04:40 GMT, while Brent crude futures fell 68 cents, or 1.65%, to $40.55 a barrel. Both contracts had jumped around 4% on Wednesday.

    Oil drops after OPEC predicts weaker demand but US inventory data limits decline

    13 Aug 2020

    Brent crude was down 26 cents or 0.6% at $45.17 a barrel by 0647 GMT, after a gain of around 2% in the previous session. West Texas Intermediate oil also lost 0.6%, a 25 cent decline to $42.42 a barrel which followed a climb of 2.6% on Wednesday.

    88 Results