#Brent crude

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

OPEC+ talks: Oil inches higher as Black Sea storm disrupts supply

OPEC+ is due to hold an online ministerial meeting to discuss 2024 production targets


Oil dips as caution about data-heavy week offsets Israel crisis jump

Brent crude oil futures dropped 98 cents, or 1.1 per cent, to $89.50 a barrel

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

Oil prices down as diplomatic moves in Israel-Gaza crisis trim supply-disruption risk

To ease oil supply pressure, the US suspended sanctions on OPEC member Venezuela after a Venezuelan government deal with the opposition

Israel crisis hits oil prices

Oil prices jump as Israel-Palestine crisis rattles markets

The eruption of the Israel-Palestine crisis threatens to derail US efforts to broker a rapprochement between regional powers

Saudi Arabia oil production cuts

OPEC+ panel holds oil policy steady as Saudi Arabia, Russia keep cuts

Saudi Arabia, Russia will continue with their respective production cuts in a bid to “balance the global oil market”


Indian rupee falls to all time low against US dollar as crude oil price surges

The drop in value for the Indian currency came against a sharp rise in US dollar value as the American greenback rose to the highest levels in six months

oil price

Saudi Arabia, Russia extend oil cuts until December, crude jumps to highest level in 2023

Oil prices rose above $90 a barrel for the first time in 2023 on the back of the announcements made by Saudi Arabia and Russia

Saudi Arabia oil production cuts

Saudi Arabia extends voluntary oil production cuts into September

It’s the second time the kingdom has extended the oil production cut, which was first announced in June after a meeting of the OPEC+ countries

Saudi Arabia economic outlook

Saudi Arabia’s oil production cuts to slowdown growth, says IMF outlook

The impact of a slowdown in Saudi Arabia will be felt across the Middle East and Central Asia

Oil production to be hit after Saudi Arabia announces cuts. Image: Getty Images

Saudi Arabia to cut additional one million barrels in oil production after OPEC+ talks

The 23-nation group offered no additional action to buttress the market, but pledged to maintain their existing oil production cuts until the end of 2024

OPEC+ pauses as volatility, China Covid rules roil crude markets

The decision by the Organization of Petroleum Exporting Countries and its allies should hold for at least a few months

OPEC+ says growing risk of global recession justifies oil cuts

OPEC+ says growing risk of global recession justifies oil cuts

The group agreed on October 5 to reduce its collective crude-output target by 2 million barrels

Morgan Stanley raises oil forecasts by $10 citing market deficit

The bank raised its third quarter estimate to $130 a barrel

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel

UAE says oil prices would be even higher if it wasn’t for OPEC+

Brent crude’s climbed 62 per cent this year to almost $84 a barrel

Oil dips after two-day rally with Covid lingering over market

Oil’s red-hot rally over the first half of the year has been interrupted by delta

Saudi Arabia’s net foreign assets rose in June

The price of Brent crude averaged over $73 a barrel in June

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

Saudi economy grew 2.8% in fourth quarter as Covid impact eased

Saudi Arabia was hit hard last year as a drop in crude prices decimated government revenue while measures to stop the spread of the coronavirus limited economic activity

Saudis raise crude price to Asia as vaccines buoy oil market

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

Crude oil japan

Saudi Prince and Putin urge OPEC+ compliance as oil prices sag

While oil prices have more than doubled since OPEC+ began curbing supplies, Brent crude is still down 36 per cent this year

Saudi Arabia is ‘assessing all options’ to stimulate economy

Saudi Arabia’s economy is expected to contract 4.8 per cent in 2020 before growing by 3.2 per cent next year

Oil holds losses near $40 amid deteriorating demand outlook

Prices jumped 10 per cent last week after Saudi Arabia indicated it would defend the market

ADNOC hires Morgan Stanley veteran Klaus Froehlich as CIO

Froehlich spent 16 years working at Morgan Stanley in Europe and the Middle East

OPEC cuts output to lowest since 1991 as virus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month

Abu Dhabi City United Arab Emirates

UAE’s Taqa to offer more shares in asset-transfer deal

Taqa has 23 gigawatts of power-generation capacity globally, with assets in Canada, Ghana, India, Iraq, the US and several other countries

Oil extends drop with virus milestones spurring demand angst

A surge in cases across the southern and western US is causing states to reinstate measures, threatening the outlook for oil demand

Oil falls again with virus resurgence casting doubt on demand

US gasoline futures tumbled the most in two months amid fears that lockdowns may need to be re-imposed

Oman Muscat

Moody’s downgrades Oman for a second time in 2020 as oil dips

This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock

Oil holds near $42 while investors weigh demand against virus

Brent futures for August settlement gained 3 cents to $42.22 a barrel on the ICE Futures Europe exchange as of 12.03pm in Singapore