Culture
Opec+ agrees to keep oil output unchanged as Iran tensions boost prices
They will raise production quotas by about 2.9 million barrels per day from April till December 2025, roughly 3% of global demand.…
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OPEC
Culture
Opec says Opec+ raised output in November, leaves demand view steady
Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+ members pressed ahead…
Culture
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Concerns about a possible conflict between the United States and Venezuela run far behind the focus on the war in Ukraine Oil prices rose…
Culture
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five years Crude futures…
Business
OPEC sees balanced oil market in 2026, moves further away from deficit projection
By Alex Lawler LONDON (Reuters) -World oil supply is expected to match demand next year in a reflection of the wider OPEC+ group's…
Culture
Oil prices steady despite Opec+ plans to pause output increases
NEW YORK, Nov 3 (Reuters) - Oil prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s…
Culture
Oil prices gain 1% after lower-than-expected Opec+ output hike
Oil prices rose about 1 per cent in early trade on Monday after Opec+ announced a more modest monthly increase in production than…
Culture
Oil posts 8% weekly loss on potential Opec+ supply additions
Oil prices settled higher on Friday but posted a weekly loss of 8.1 per cent after news of potential increases to Opec+ supply. Brent…
Culture
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
Culture
China can’t be counted on to absorb global crude surplus as Opec+ bumps up production: market watchers
Crude could trade at below US$60 a barrel by end-2025 as the world’s largest oil importer slows down stockpiling The crude oil market is…
Culture
Opec+ casts shadow on Singapore’s glitzy oil bash as surplus looms
AN EXPECTED move by the world’s top oil-producing nations to once again increase output will set the tone for Asia’s biggest gathering of…
Business
OPEC+ oil producers to increase production from October
Pump jacks operate at Wintershall Dea premises. A core group of OPEC+ oil cartel members on Sunday agreed to continue their expansion of…
Culture
Opec+ set to raise oil output further from October: sources
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from…
Culture
Opec+ agrees further oil output boost from October to regain market share
[LONDON/MOSCOW] Opec+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share,…
Culture
Oil prices ease on surprise build in US crude stockpiles, Opec+ to consider output hike
Oil prices eased about 1 per cent to a two-week low on Thursday on a surprise build in US crude inventories last week and expectations…
Culture
Opec+ agrees in principle another large oil output hike: sources
+ agreed in principle to boost oil output by 548,000 barrels per day (bpd) in September, two Opec+ sources said on Sunday (Aug 3), as the…
Culture
Opec+ makes another large oil output hike in market share push
Opec+ agreed on Sunday (Aug 3) to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated…
Culture
Oil falls US$2 a barrel on worries about Opec+ supply, US jobs data
Oil prices US$2 a barrel on Friday (Aug 1) because of jitters about a possible increase in production by Organization of the Petroleum…
Culture
Opec trims oil demand for next four years
THE Organization of the Petroleum Exporting Countries (Opec) cut its global oil demand forecasts for the next four years on Thursday (Jul…
Culture
Opec bars five leading news organisations from oil conference
Organization of the Petroleum Exporting Countries (Opec) has excluded five of the world’s leading news organisations from covering its…
Culture
Oil slips 1% after Opec+ accelerates output hikes
Oil prices slipped 1 per cent at the start of trading on Monday after Opec+ accelerated output hikes and raised concerns about oversupply.…
Business
OPEC+ further raises output in August
A view of the OPEC pavilion on the COP28 grounds. Hannes P Albert/dpa The core group of OPEC+ oil cartel members is increasing production…
Culture
Opec+ considers adding more than 411,000 barrels on Saturday
Opec+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday (Jul 5),…
Culture
Oil falls slightly ahead of expected Opec+ output increase
Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s Opec+ meeting and the…