OPEC
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
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.
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
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 ...
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
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
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
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 ...
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 ...
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
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