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OPEC

Oil prices get big impetus from supply cuts
Opinion 3 weeks ago

Oil prices get big impetus from supply cuts

While general euphoria around the world’s emergence from COVID-19 and demand recovery are fact...
Oil falls as crude in US storage nears all-time high
Business 2 months ago

Oil falls as crude in US storage nears all-time high

US crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record ...
By the end, it is all about the (oil) market, and it moves on
Opinion 2 months ago

By the end, it is all about the (oil) market, and it moves on

In the face of the pandemic, governments must act and plan to ensure sufficient energy sources ...
US oil prices jump after massive rout
Business 2 months ago

US oil prices jump after massive rout

US benchmark West Texas Intermediate for June delivery was up almost 10 percent at US$12.68 a barrel...
US crude falls below $15 a barrel as virus throttles demand
Business 2 months ago

US crude falls below $15 a barrel as virus throttles demand

West Texas Intermediate (WTI), the US benchmark, fell more than 19 percent to $14.73 a barrel in ear...
Why has OPEC-led deal failed to energize oil prices?
Business 2 months ago

Why has OPEC-led deal failed to energize oil prices?

Global oil traders have shrugged off Sunday's historic output-cutting deal by OPEC and its allie...
Trump says OPEC+ planning to cut production 20 mn bpd
Business 2 months ago

Trump says OPEC+ planning to cut production 20 mn bpd

Top global oil producers are considering slashing output by 20 million barrels a day under the terms...
Currencies slip as OPEC+ output cuts provide little cheer
Business 2 months ago

Currencies slip as OPEC+ output cuts provide little cheer

The greenback drifted higher against its Australian and New Zealand counterparts, which are seen as ...
Oil rallies as top producers agree massive output cuts
Business 2 months ago

Oil rallies as top producers agree massive output cuts

OPEC Secretary General Mohammad Barkindo called the cuts "historic". 
OPEC, allies consider output cut after price crash
Business 3 months ago

OPEC, allies consider output cut after price crash

Top crude producers will on Thursday hold a crucial teleconference to discuss a possible cut in outp...
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