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View all search resultsOPEC
Business 4 years ago
US calls on OPEC and its allies to pump more oil
The request reflects the White House's willingness to engage major world oil producers for more supply to help industry and consumers, even as it seeks the mantle of global leadership in the fight against climate change and discourages drilling at home.
Business 5 years ago
Brent rises to highest since March after OPEC+ output cut deal
Global benchmark Brent crude prices rose 1 percent to their highest since early March on Thursday on renewed hopes for a US stimulus deal and after major oil producers agreed to increase output by a modest 500,000 barrels per day (bpd) from January.
Business 5 years ago
Asia stocks fluctuate as virus cases offset vaccine roll-out hopes
Hong Kong, Sydney, Seoul, Singapore and Jakarta were all down but Shanghai rallied more than one percent, helped by data showing Chinese factory activity increased more than expected to a three-year high this month.
Business 5 years ago
Oil falls more than 1% as surging COVID-19 cases stoke demand fears
Brent crude was down by 53 cents, or 1.3 percent, at US$41.24 by 0052 GMT. US West Texas Intermediate (WTI) dropped 53 cents, or 1.3 percent, to $39.32, having fallen more than a dollar shortly after the start of trading.
Business 5 years ago
OPEC laggards called out in Saudi push for cuts compliance
Last month, ministers of OPEC nations and other major oil producers stuck to an agreement to lower production, underlining that only strict compliance could restore stability to prices sent plummeting by the coronavirus pandemic.
