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OPEC

Business 5 years ago

Once an American foe, now a friend: OPEC turns 60

Founded in Baghdad on Sept. 14, 1960 to counter the power of seven US and British oil companies, OPEC has repeatedly yielded to pressure from Washington to pump more oil since US President Donald Trump took office at the start of 2017.

Business 5 years ago

PREMIUM
75 years later, with Indonesia’s oil industry in decay, options are wide open

The oil industry was once Indonesia’s growth engine, but conditions quickly went downhill starting in the late 1990s, as domestic production declined but consumption kept rising.

Business 5 years ago

OPEC fears second virus wave to prolong oil inventory overhang

OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal OPEC research seen by Reuters.

Opinion 5 years ago

Oil prices get big impetus from supply cuts

While general euphoria around the world’s emergence from COVID-19 and demand recovery are factors, a big impetus to prices has come from a combination of voluntary and involuntary supply cuts.

Business 5 years 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 of 535 million barrels set in 2017.

Opinion 5 years 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 to stimulate their economies and support growth once again.

Business 5 years 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.

Business 5 years 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 early Asian trade.

Business 5 years 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 allies, with prices languishing not far from recent two-decade lows.

Business 5 years 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 of a deal to boost prices, US President Donald Trump said.

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OPEC

Once an American foe, now a friend: OPEC turns 60

PREMIUM 75 years later, with Indonesia’s oil industry in decay, options are wide open

OPEC fears second virus wave to prolong oil inventory overhang

Oil prices get big impetus from supply cuts

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

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

US oil prices jump after massive rout

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

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

Trump says OPEC+ planning to cut production 20 mn bpd

follow our Social media

Your Opinion Matters

Thank You

PREMIUM
75 years later, with Indonesia’s oil industry in decay, options are wide open