VIENNA: OPEC agreed Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group’s members overcame differences in order to...
LONDON: Venezuela’s oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, the country told OPEC, deepening the impact of a...
LONDON: According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the...
LONDON: Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the...
LONDON: Oil slipped below $77 a barrel Friday, under pressure as higher Saudi production and trade tensions between the United States and China offset support...
LONDON: Iran said Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and...
LONDON: Iran’s crude oil exports have declined slightly in May, according to estimates from a leading tanker-tracking company, in the first sign that the...
LONDON/DUBAI: OPEC is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Iran after the imposition of new U.S....
VIENNA: OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 on how long to extend a global pact to curb oil production, OPEC’s...
VIENNA: OPEC will likely agree to extend production cuts for another nine months, delegates said Tuesday as the oil producer group meets this week to debate...
DUBAI/LONDON: Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh threatening to raise oil output...
DUBAI/LONDON: As far as OPEC decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises. The...
DUBAI/LONDON: Two years after triggering an oil price war, Saudi Arabia has seemingly had enough of cheap crude amid budget pressures, fear of a future supply...
VIENNA: For OPEC watchers, every little detail matters. When the oil producer group holds its half-yearly meetings, what time the ministers arrive in Vienna,...
DUBAI/LONDON: For those seeking guidance on Saudi Arabia’s thinking regarding the future of OPEC, the last few weeks’ agenda of the new Saudi energy minister,...
LONDON/DUBAI: An oil output cut by global producers, following on from the output freeze initiative, is quite unlikely and would be months away, OPEC sources...
LONDON: OPEC Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China,...
LONDON: Oil producers including Gulf OPEC members back holding talks next month on a deal to freeze output even if Iran declines to participate, OPEC sources...
VIENNA: Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the lowest levels in six years...
VIENNA: Saudi Arabia is seen rejecting calls from fellow OPEC members to cut output when the group meets this week as the group’s kingpin argues it cannot...
LONDON/DUBAI: OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy’s chief architect, Saudi Arabia,...
DUBAI/LONDON: Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in...
DUBAI/LONDON: Some of OPEC’s Gulf members are concerned about the latest drop in oil prices which had not been expected, OPEC delegates said, but they see...
VIENNA: Oil group OPEC agreed Friday to stick by its policy of unconstrained output for another six months, setting aside warnings of a second lurch lower in...
LONDON: Oil eased toward $66 a barrel Monday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered expectations of...