#Barrels

Saudi Aramco raises oil prices sharply after OPEC+ sticks to output plan

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

OPEC made only half of planned supply hike amid African losses

The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch

Brent oil rises above $85 as Saudi Arabia vows caution on supply

Oil has more than doubled over the past 12 months as the global economy rebounded from the dislocation caused by the coronavirus pandemic

Brent oil extends gain as OPEC+ talks end without supply deal

The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe

Oil surges with Iran saying differences remain on sanctions deal

Talks between Iran and world powers will continue in Vienna this week to resolve outstanding issues

Oil has worst week in over a month with potential Iran return

Some analysts estimate Iran could return to pre-sanctions production of almost 4 million barrels a day in as little as three months

Oil swings near $63 as OPEC+ bets market can absorb more supply

The global oil market recovery is being driven by China and the US, with positive signs emerging from parts of Europe

Leading oil producer UAE says case for renewables never stronger

The country plans to be at the forefront of the transition to greener energy and the fight against climate change

Saudis raise crude price to Asia as vaccines buoy oil market

Aramco also increased pricing for light crude grades to the Mediterranean region

UAE oil reserves total 97.8bn barrels in 2019

Natural gas production in the UAE reached 109.8 billion cubic feet in 2019

Saudis keep pressure on OPEC cheats before ministerial talks

Riyadh’s struggle to enforce compliance has been a long-running issue