OPEC+ sticks to small supply hike as EU eyes Russia oil ban

OPEC and its allies rubber-stamped the standard 432,000 barrel-a-day increase for June

OPEC says it’s stabilised oil market

The Organization of Petroleum Exporting Countries and its partners have resisted calls to raise output faster

OPEC+ still sees no need to change plan despite Ukraine crisis

Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month

Japan asks UAE to boost oil output

OPEC+ is reviving supplies after its deep cuts at the start of the pandemic in 2020

Oil edges higher after three-day slide as volatility continues

The US Federal Reserve raised interest rates by a quarter percentage point

UAE flag

UAE ‘will be encouraging OPEC’ to consider higher production levels, says ambassador to US

Oil has surged above $100 a barrel for the first time since 2014

Vitol CEO sees oil above $100 for a ‘prolonged period’ this year

Energy supplies are struggling to keep up with a robust economic recovery

OPEC sees upside potential for oil demand as economy rebounds

OPEC and its partners are trying to gradually restart production halted during the pandemic

OPEC+ delegates expect to stick to plan for modest output hike

Last month, OPEC+ nations managed only two-thirds of their stipulated increase

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Oil extends gain after weekly advance on tightening market

Oil has rallied more than 10 per cent so far this year

Saudi Arabia cuts oil prices for Asia buyers as OPEC adds supply

On Tuesday OPEC+ decided to increase production in February by 400,000 barrels a day

OPEC output boost severely limited as African members struggle

The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December

OPEC picks Kuwait’s Al-Ghais as next top diplomat

Haitham al-Ghais – whose three-decade oil industry career includes stints in Beijing and London – will become the group’s secretary-general in August

OPEC sees tighter first quarter as it considers output hike

It sees a surplus of 1.4 million barrels a day in the first three months of 2022

OPEC+ seen reviving output in sign of confidence for 2022 demand

The 23-nation alliance is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during the pandemic


Saudi Arabia warns traders against shorting oil prices

While oil has soared about 45 per cent this year, it slumped more than 10 per cent on November 26, the day after Thanksgiving

Saudi oil discovery

Saudi Aramco awards $15.5bn pipeline deal

A group led by BlackRock will buy a 49 per cent stake in Aramco Gas Pipelines

Saudi Arabia raises oil prices for Asian and US customers

Oil slid for a sixth straight week due to the spread of Omicron and the prospect of more barrels coming to the market

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

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

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

Oil extends losses as US stockpiles expand before OPEC+ meet

Nationwide US crude inventories increased by 3.29 million barrels last week

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

Oil drops at start of key week as Biden boosts pressure on OPEC+

Crude has soared this year, with production trailing supply as the global economy recovered from the impact of the pandemic

Brent oil advances as investors weigh stockpiles, OPEC+ policy

Oil is set for a monthly gain in October, building on six quarterly advances

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

Qatar says rejoining OPEC would not fit with its strategy

Qatar decided to leave the cartel in late 2018

Oman’s first S&P upgrade in over a decade may be on the cards

Oman’s fiscal deficit may narrow to 4.2 per cent of gross domestic product in 2021