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OPEC

The Organization of the Petroleum ExportingCountries(OPEC)

OPEC, Russia extend record oil cuts to end of July

OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing ...

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture on 14 April.

OPEC, Russia approve biggest-ever oil cut

OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United ...

The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria 9 April 2020.

Oil prices rebound as traders await OPEC meeting

Oil prices gained as market participants eagerly awaited a key meeting by the world’s major oil producers on output cuts

Oil prices rebound as traders await OPEC meeting

Virus highlights OPEC reliance on Chinese oil demand

Fears of an economic slowdown, fuelled by the coronavirus slashing output in China, has shone the spotlight on OPEC, whose oil is heavily bought by the world's second-biggest economy."China has ...

Virus highlights OPEC reliance on Chinese oil demand

OPEC considers deeper output cuts

Faced with slowing global economic growth and abundant reserves putting pressure on oil prices, the OPEC group and its partners could seek to deepen output cuts when they meet in Vienna on Thursday ...

OPEC considers deeper output cuts

OPEC yet to agree final deal

Iran appeared on Friday to be the main obstacle for an OPEC deal to cut oil production as the group's leader Saudi Arabia had yet to agree exemptions for sanctions-hit Tehran, two OPEC sources ...

OPEC yet to agree final deal

Saudi to cut oil output

Saudi Arabia, the world’s top crude exporter, said Sunday it will cut oil output from next month, as major producers held a key meeting to discuss shoring up sliding prices.Saudi energy ...

Saudi to cut oil output

Iran, Saudi argue over oil output hike

OPEC ministers are bracing for a stormy meeting in Vienna Friday where they will discuss a Saudi proposal to hike oil output despite fierce resistance from Iran, setting the stage for a showdown ...

Iran, Saudi argue over oil output hike

Russia backs OPEC oil output hike

Russia on Saturday joined an OPEC-led pledge to boost oil production in response to growing global demand, capping a week of tense diplomacy for the grouping that averted a damaging rift between arch ...

Russia backs OPEC oil output hike
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