Saturday, 23 October 2021
The Organization of the Petroleum ExportingCountries(OPEC)
Oil strikes new peaks, equities rebound
World oil prices surged Tuesday to new multi-year peaks, extending a bullish run one day after OPEC+ refrained from boosting output any further
05 Oct 2021, 20:21
Pandemic brings forward predictions for peak oil demand
The Covid-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world's demand for oil may peak.
28 Sep 2021, 18:30
Global oil demand to rebound next month: IEA
Global oil demand has dropped for three straight months as Covid cases have risen in Asia but it is expected to bounce back next month, the International Energy Agency said Tuesday
14 Sep 2021, 14:55
OPEC+ sticks to gradual oil output hikes, ups demand forecast
OPEC and its allies on Wednesday agreed to stick to their existing policy of gradual oil output increases, despite revising its 2022 demand outlook upwards and ongoing US pressure to raise production ...
01 Sep 2021, 22:42
Despite fighting climate change, US calls on OPEC to pump more oil
The Biden administration's push for lower fuel prices grates with its efforts to secure global leadership in the fight against climate change
12 Aug 2021, 13:20
OPEC+ meeting to set February production levels
Members of the OPEC group of oil producers and their partners will meet via videoconference Monday to decide production levels for February, which it hopes to continue boosting
04 Jan 2021, 10:54
OPEC turns 60 at ‘critical moment’ for virus-hit oil
OPEC faces a critical moment in its 60-year history with the coronavirus crushing crude demand and prices, discord among its members, and threats from a world seeking cleaner fuels
27 Sep 2020, 10:25
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 ...
07 Jun 2020, 08:41
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 ...
13 Apr 2020, 08:33
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
09 Apr 2020, 10:26