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In April, OPEC members agreed to cut production by 7.7 million barrels per day (bpd), which was mean...
Hong Kong, Sydney, Seoul, Singapore and Jakarta were all down but Shanghai rallied more than one per...
Brent crude was down by 53 cents, or 1.3 percent, at US$41.24 by 0052 GMT. US West Texas Intermediat...
Last month, ministers of OPEC nations and other major oil producers stuck to an agreement to lower p...
Founded in Baghdad on Sept. 14, 1960 to counter the power of seven US and British oil companies, OPE...
The oil industry was once Indonesia’s growth engine, but conditions quickly went downhill star...
OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history...
While general euphoria around the world’s emergence from COVID-19 and demand recovery are fact...
US crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record ...
In the face of the pandemic, governments must act and plan to ensure sufficient energy sources ...