TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

LOG IN / REGISTER

LOG IN

Don’t have an account? Register here Give your organization full access to The Jakarta Post. Register here

OPEC

Economy 2 years ago

Saudi extends oil cut of 1 million barrels per day

The cut which first took effect for July will continue in August and "can be extended", the official Saudi Press Agency (SPA) reported, citing an energy ministry source.

Middle East and Africa 3 years ago

US and Saudi Arabia clash in public over oil cut, Russia

The Saudi-led OPEC+ cartel -- which includes Russia -- angered Washington by cutting production by two million barrels a day from November, adding further pressure on soaring crude prices.

Middle East and Africa 3 years ago

Biden to 're-evaluate' Saudi ties after OPEC snub

The 13-nation OPEC cartel and its 10 allies headed by Moscow angered the White House last week with its decision to cut production by two million barrels a day from November, raising fears that oil prices could soar.

Markets 3 years ago

Asian shares rise, oil extends gains after OPEC+ deal

Asian shares were cautiously higher on Thursday, while the dollar eased ahead of US non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members.

Economy 3 years ago

Oil prices tumble as China economy stutters

Stock markets mostly steadied and the dollar traded mixed as investors welcome signs of cooling US inflation, which nevertheless remains at the highest level in decades.

Middle East and Africa 3 years ago

Putin and Saudi crown prince talk oil

The call comes less than a week after Saudi Arabia's de facto ruler met visiting US President Joe Biden.

Academia 3 years ago

The G20 cannot let Russia hijack the global economy

The G20 cannot look away from the war in Ukraine for another critical reason: it has global economic consequences that concern us all, and that could lead to a global recession and a big step back in our agenda to fight poverty if left unaddressed.

Economy 4 years ago

Saudi Arabia confirms commitment to 'OPEC Plus' deal with Russia

Crown Prince Mohammed bin Salman made the comments during a conversation with French President Emmanuel Macron that also covered the situation in Ukraine and its impact on the energy markets, said the agency.

Markets 4 years ago

Top oil producers eye modest output boost as prices surge

The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges.