OPEC

Gabon’s Military Assumes Control

Mutinous soldiers in Gabon have announced a leadership change in the Central African nation, with General Brice Clotaire Oligui Nguema…

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OPEC reduces oil production in 2022 and 2023 as the economy sputters

As a result of slowing economies, the revival of China’s COVID-19 control measures, and high inflation, OPEC on Wednesday reduced…

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OPEC+ puts forward Oil output rises as Biden’s visit to Saudi Arabia approaches

Saudi Arabia and other OPEC+ members agreed to accelerate oil production increases to offset Russian output losses, easing surging oil…

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OPEC lowers prediction for global oil consumption in 2022 due to Ukraine crisis

OPEC lowered its prediction for global oil demand growth in 2022 on Tuesday, citing the impact of Russia’s invasion of…

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Saudi Arabia leads OPEC to drop IEA statistics as US ties deteriorate

Saudi Arabia’s decision to have OPEC+ stop using statistics from the West’s energy watchdog reflected concerns over US influence on…

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UAE states it is commited to OPEC+ accord and monthly mecha8

The United Arab Emirates’ energy minister said on Wednesday that his country is committed to the OPEC+ deal and its…

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OPEC+ has contributed a lot for energy market stabilization, says Saudi energy minister

The Organization of Petroleum Exporting Countries (OPEC) and its allies have “done a lot” to stabilise global energy markets, Saudi…

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Fuel prices may fall as OPEC announces new decision

Riyadh: The Organisation of the Petroleum Exporting Countries (Opec) has decided to increase the daily production to control the price…

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Virus Numbers Countering Vaccine: ‘Oil Pares Gains’

After more positive news on a corona virus vaccine, oil gained a second day and raised optimism on the outlook…

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Crude oil prices slumped again

In the international market, the price of crude oil has slumped again. The price of Brent crude has hitted to…

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Crude oil prices rebounds

In the international market, the price of crude oil has bounced back on Tuesday. The main reason for the gaining…

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Crude oil prices slips to more than two-decade lows

In the international market, the price of crude oil has declined to more than two-decade lows on Monday. As per…

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Crude oil prices remain firm

In the international market, crude oil price has remained firm. The price remained firm as the oil producing nations has…

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Crude oil prices slips down

In the international market the price of crude oil has been slipped down sharply on Friday. US benchmark West Texas…

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Crude oil price surges in global market

In the international market, the price of crude oil has surged. The crude oil price went up over the expectation…

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Crude oil prices ends in gains

In the international market, the crude oil prices has ended in gain. The global crude oil futures posted their largest…

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Saudi Arabia to slash oil exports

Saudi Arabia will slash its oil exports in January by 10 percent compared to November, its energy minister said Wednesday…

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Crude oil demand will fall in 2019

The Organization of the Petroleum Exporting Countries informed in its monthly report that 2019 demand for its crude would fall…

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OPEC will meet in Vienna

OPEC will meet tomorrow at Vienna. The members of Organization of the Petroleum Exporting Countries and other oil-producing countries are…

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Qatar to leave OPEC from January 2019

Qatar has announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) from January next year and…

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Saudi minister calls for 1 million barrels per day global oil output cut

As the global crude oil price is dropping the oil-producing countries had decided to cut the output. Saudi Arabian Energy…

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UAE petrol prices to be cheaper in June

The Ministry of Energy on Sunday announced new fuel prices for June. The per litre prices are Super 98 for…

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OPEC led extension to curb oil supply leads to oil price drop

Oil price dropped further disappointing the investors betting on longer or larger supply curbs after The OPEC and its allies…

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