Organization Of The Petroleum Exporting Countries
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Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
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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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Macron Tells Biden That UAE, Saudi Can Barely Raise Oil Output
Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could reduce prices.
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Oil Ends Higher After A Day Of Wild Swings On OPEC, Omicron
The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.
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Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations' Group Meet
U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.
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India-Led Solar Alliance Will Outshine OPEC, Says PM Modi
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the International Solar Alliance or ISA's first assembly with UN chief Antonio Guterres.
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OPEC "Monopoly" Must Lower Oil Prices Now, Says Donald Trump
President Donald Trump on Thursday issued a fresh call on the OPEC oil cartel to lower crude prices, saying the United States was providing Middle Eastern energy giants with security.
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"OPEC Alone Can't Be Blamed": Oil Producer Group After Trump Criticism
The president of OPEC on Monday defended the oil producer group against US President Donald Trump's recent demands for higher oil output, saying OPEC does not shoulder the blame.
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Saudi Arabia Won't Let Another Glut Surface, Says Energy Minister Khalid Al-Falih
Saudi Arabia Energy Minister Khalid al-Falih said on Wednesday that the world's biggest exporter of crude oil will not sit by and let another supply glut surface, but also does not want oil prices to rise to "unreasonable levels".
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OPEC Should Go For 'Responsible Pricing', Says Petroleum Minister
India today pressed oil cartel Organization of the Petroleum Exporting Countries (OPEC) to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination.
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Oil Near 26-Month High as Turkey Threatens To Cut Kurdish Exports
Brent crude futures fell 38 cents to $58.64 a barrel by 1001 GMT.
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Saudi Arabia, A Kingdom Built On Oil, Plans A Future Beyond It
Ever since oil was discovered in the Arabian desert in 1938, Saudi Arabia has been the world's premier petro-state and the dominant force within the Organization of the Petroleum Exporting Countries.
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How The World's Great Oil Powers Became So Powerless
To get a sense of how much more oil the world has than it needs, look to the world's oceans.
-
Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
-
Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
-
OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
-
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.
-
Macron Tells Biden That UAE, Saudi Can Barely Raise Oil Output
Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could reduce prices.
-
Oil Ends Higher After A Day Of Wild Swings On OPEC, Omicron
The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.
-
Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations' Group Meet
U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.
-
India-Led Solar Alliance Will Outshine OPEC, Says PM Modi
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the International Solar Alliance or ISA's first assembly with UN chief Antonio Guterres.
-
OPEC "Monopoly" Must Lower Oil Prices Now, Says Donald Trump
President Donald Trump on Thursday issued a fresh call on the OPEC oil cartel to lower crude prices, saying the United States was providing Middle Eastern energy giants with security.
-
"OPEC Alone Can't Be Blamed": Oil Producer Group After Trump Criticism
The president of OPEC on Monday defended the oil producer group against US President Donald Trump's recent demands for higher oil output, saying OPEC does not shoulder the blame.
-
Saudi Arabia Won't Let Another Glut Surface, Says Energy Minister Khalid Al-Falih
Saudi Arabia Energy Minister Khalid al-Falih said on Wednesday that the world's biggest exporter of crude oil will not sit by and let another supply glut surface, but also does not want oil prices to rise to "unreasonable levels".
-
OPEC Should Go For 'Responsible Pricing', Says Petroleum Minister
India today pressed oil cartel Organization of the Petroleum Exporting Countries (OPEC) to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination.
-
Oil Near 26-Month High as Turkey Threatens To Cut Kurdish Exports
Brent crude futures fell 38 cents to $58.64 a barrel by 1001 GMT.
-
Saudi Arabia, A Kingdom Built On Oil, Plans A Future Beyond It
Ever since oil was discovered in the Arabian desert in 1938, Saudi Arabia has been the world's premier petro-state and the dominant force within the Organization of the Petroleum Exporting Countries.
-
How The World's Great Oil Powers Became So Powerless
To get a sense of how much more oil the world has than it needs, look to the world's oceans.
