Oil prices ease as market assesses Middle East tension LONDON: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market... Updated 12 Jun, 2025 02:27pm
Markets Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in... Published 04 Jun, 2025 08:51pm
Markets Oil prices climb 2% to 2-week high on geopolitical tension concerns LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite... Updated 03 Jun, 2025 10:15pm
Markets Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day... Published 02 Jun, 2025 11:21am
Markets OPEC+ agrees further accelerated oil output hike for July LONDON/MOSCOW: OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May... Updated 31 May, 2025 06:42pm
Markets OPEC+ may discuss oil output hike larger than 411,000 bpd for July LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the... Published 30 May, 2025 05:32pm
Markets OPEC+ may discuss 2027 baselines and agree July hike this week, sources say OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from... Published 28 May, 2025 06:08pm
Markets OPEC+ set to agree July oil output hike this week, sources say LONDON/DUBAI: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates... Published 27 May, 2025 06:35pm
Markets OPEC+ countries to open the oil taps despite price slump VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June... Updated 03 May, 2025 07:02pm
Markets OPEC+ panel stresses compliance after surprise oil output hike LONDON: Top OPEC+ ministers stressed the need for full compliance with oil output targets and plans to compensate... Updated 05 Apr, 2025 07:23pm
Business & Finance Russia’s Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says MOSCOW: Gazprom Neft is ready to raise oil output from April under the OPEC+ agreement, the head of the Russian oil... Published 18 Mar, 2025 04:30pm
Markets OPEC+ likely to stick to oil output hike plan: sources LONDON: OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top... Published 03 Feb, 2025 04:56pm
Markets OPEC+ delays oil output hike until April, extends cuts into 2026 LONDON/MOSCOW/ DUBAI: OPEC+ on Thursday pushed back the start of oil output rises by three months until April and... Published 06 Dec, 2024 06:58am
Markets Russia’s oil output at 9m bpd as promised to OPEC+ SOCHI: Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised... Published 07 Nov, 2024 07:59am
Markets Oil gains over 2% after OPEC+ delays output hike, US election in focus Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while... Updated 04 Nov, 2024 06:43pm
Markets OPEC+ agrees to delay December output hike for one month: sources LONDON/DUBAI/MOSCOW: OPEC+ has agreed to delay a planned December oil output increase by one month, three sources... Published 03 Nov, 2024 10:03pm
Markets OPEC+ could delay planned December oil output hike, sources say LONDON/MOSCOW: OPEC+ could delay a planned hike in oil production scheduled to take effect in December by a month or... Published 30 Oct, 2024 05:48pm
Markets BP drops oil output reduction target in strategy reset, sources say LONDON: BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s... Published 07 Oct, 2024 05:12pm
Markets OPEC+ discussing delay to planned oil output hike in October, sources say LONDON: OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9... Published 04 Sep, 2024 05:06pm
Business & Finance Iran plans to raise oil output to 4m barrels per day DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news... Published 27 May, 2024 05:52am
Markets OPEC+ ministers keep oil output policy steady, sources say LONDON/MOSCOW/DUBAI: A meeting of the top ministers of OPEC+ has kept oil output policy unchanged, three OPEC+... Published 03 Apr, 2024 05:42pm
Business & Finance Oil settles higher HOUSTON: Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks... Published 26 Mar, 2024 04:20am
Print OPEC+ members extend oil output cuts to second quarter DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the... Updated 04 Mar, 2024 09:39am
Markets OPEC+ members extend oil output cuts to second quarter DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the... Published 03 Mar, 2024 09:36pm
Markets Oil set for weekly loss despite OPEC+ output decision LONDON: Oil prices dipped slightly on Friday despite the OPEC+ group’s decision to leave its production policy... Updated 02 Feb, 2024 06:59pm
Markets Nigeria aims to raise oil, condensates output to 2.6mn bpd by 2026 ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6... Published 01 Jan, 2024 07:06pm
Business & Finance Russia and Saudi Arabia urge OPEC+ countries to join output deal MOSCOW: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have urged all OPEC+ countries... Published 08 Dec, 2023 05:20am
Business & Finance OPEC+ agrees to voluntary oil output cuts LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to voluntary output cuts approaching 2 million barrels... Published 01 Dec, 2023 04:43am
Markets OPEC+ talks tough, policy rollover possible, sources say LONDON: OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts... Published 28 Nov, 2023 07:19pm
Markets Saudi Arabia to continue voluntary 1 million bpd oil output cut for December DUBAI: Top oil exporter Saudi Arabia will continue with its voluntary oil output cut of 1 million barrels per day... Published 05 Nov, 2023 08:17pm