#Brent crude

oil

Oil prices at four-month high as revised IEA outlook signals tighter market

Near-term growth in global oil and liquids production will be driven primarily by the US, Guyana, Canada and Brazil, offsetting voluntary production cuts by OPEC+

oil

How much spare oil production capacity do energy producers have?

The level of spare capacity – or the perception of how much is available – can influence world oil prices.

oil

Oil heads for weekly gains after Israel rejects ceasefire offer

Non-OPEC output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned

Anthony Blinken - Riyadh

Oil prices mostly flat as Antony Blinken visits Riyadh

US Secretary of State Antony Blinken is in the region to discuss a ceasefire offer between Israel and Hamas

oil

Oil market comfortably supplied despite OPEC+ cuts: Insight

Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources

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

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

oil

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”

rupee

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

oil

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