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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
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Brazil Set To Join OPEC From Next Year
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.
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India To Buy Venezuelan Oil? What Minister Said
Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.
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Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
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Some Oil-Rich Nations Wary Of Strain Under Biden, Miss "Friend Trump": Report
Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as US President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.
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As Trump Calls For Boost, Oil-Exporting Nations Eye Output Cuts
OPEC members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open.
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Donald Trump Accuses OPEC Of "Rip-Off", Calls For Lower Prices
US President Donald Trump accused members of the OPEC oil cartel of "ripping off" the world on Tuesday as he called for a lowering of fuel prices.
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"Saudi Arabia, UAE Turning OPEC Into A US Tool," Says Iran
Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday.
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Inside Qatar's Lavish $24 Million Charm Offensive To Win Over The US
There was much bonhomie as a few dozen people, including members of Congress and U.S. administration officials, gathered last week for dinner in a posh Washington neighbourhood in honour of Qatar's foreign minister.
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Donald Trump Tweets, Saudis Scramble: Here's How The US Steers OPEC
The U.S. isn't a member of OPEC, a cartel that's anathema to the free-market capitalism of the world's biggest economy. Yet presidents have long pressured its top producer Saudi Arabia to adjust oil production policies, usually to lower gasoline prices.
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OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Organisation of Petroleum Exporting Countries (OPEC) was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
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Kuwaiti Opposition Win Big In Anti-Austerity Vote
Opposition candidates are estimated to have won around 20 seats out of 50 in Kuwaiti elections that saw most parliament members replaced, in a vote analysts said reflects anger at austerity measures to curb a budget deficit.
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Donald Trump Threat To Renegotiate UN Climate Deal Causes Dismay Abroad
Donald Trump's vow to renegotiate the global accord on climate change if elected US president caused dismay abroad on Wednesday, with supporters of the deal saying it was in his interests to embrace a plan that seeks to end dependence on fossil fuels.
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Open to Meeting India's Oil Needs, says UAE on PM Modi's Trip
The United Arab Emirates is open to meeting any demand for oil from India, the Gulf OPEC member's economy minister Sultan bin Saeed al-Mansouri said today.
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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
-
Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
-
Brazil Set To Join OPEC From Next Year
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.
-
India To Buy Venezuelan Oil? What Minister Said
Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.
-
Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
-
Some Oil-Rich Nations Wary Of Strain Under Biden, Miss "Friend Trump": Report
Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as US President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.
-
As Trump Calls For Boost, Oil-Exporting Nations Eye Output Cuts
OPEC members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open.
-
Donald Trump Accuses OPEC Of "Rip-Off", Calls For Lower Prices
US President Donald Trump accused members of the OPEC oil cartel of "ripping off" the world on Tuesday as he called for a lowering of fuel prices.
-
"Saudi Arabia, UAE Turning OPEC Into A US Tool," Says Iran
Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday.
-
Inside Qatar's Lavish $24 Million Charm Offensive To Win Over The US
There was much bonhomie as a few dozen people, including members of Congress and U.S. administration officials, gathered last week for dinner in a posh Washington neighbourhood in honour of Qatar's foreign minister.
-
Donald Trump Tweets, Saudis Scramble: Here's How The US Steers OPEC
The U.S. isn't a member of OPEC, a cartel that's anathema to the free-market capitalism of the world's biggest economy. Yet presidents have long pressured its top producer Saudi Arabia to adjust oil production policies, usually to lower gasoline prices.
-
OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Organisation of Petroleum Exporting Countries (OPEC) was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
-
Kuwaiti Opposition Win Big In Anti-Austerity Vote
Opposition candidates are estimated to have won around 20 seats out of 50 in Kuwaiti elections that saw most parliament members replaced, in a vote analysts said reflects anger at austerity measures to curb a budget deficit.
-
Donald Trump Threat To Renegotiate UN Climate Deal Causes Dismay Abroad
Donald Trump's vow to renegotiate the global accord on climate change if elected US president caused dismay abroad on Wednesday, with supporters of the deal saying it was in his interests to embrace a plan that seeks to end dependence on fossil fuels.
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Open to Meeting India's Oil Needs, says UAE on PM Modi's Trip
The United Arab Emirates is open to meeting any demand for oil from India, the Gulf OPEC member's economy minister Sultan bin Saeed al-Mansouri said today.
