US shrugs off Saudi-led oil production cut WASHINGTON: The White House on Monday shrugged off a sharp output cut by Saudi-led OPEC+ oil producers, saying it... Published 03 Apr, 2023 09:51pm
Markets Saudi, UAE lead Mideast oil production cut for market ‘stability’ Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year Published 02 Apr, 2023 08:25pm
Markets Novak says Russia to extend 500,000 bpd oil production cut until end of year MOSCOW: Russia will extend a 500,000 barrels per day (bpd) oil production cut until the end of the year, Deputy... Published 02 Apr, 2023 07:25pm
Markets OPEC+ unlikely to tweak oil policy in Monday talks LONDON/MOSCOW: OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five... Published 30 Mar, 2023 06:12pm
Markets OPEC+ likely to stick to its guns despite price slump, delegates say LONDON/DUBAI: OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end... Published 22 Mar, 2023 05:16pm
Markets Russia to extend oil production cuts until end of June MOSCOW: Russia announced Tuesday that it was extending until the end of June oil production cuts of 500,000 barrels... Published 21 Mar, 2023 08:44pm
Markets Russia’s Novak: Moscow to maintain 500,000 bpd oil output cut to end June MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels... Published 21 Mar, 2023 08:12pm
BR Research Oil: Can the selloff sustain? It took no less than a full-blown banking crisis for international oil markets to extend losses for well over a ... Published 20 Mar, 2023 07:37am
Markets US senators reintroduce bill to pressure OPEC oil producer group WASHINGTON: A group of bipartisan US senators on Wednesday said they have reintroduced legislation to pressure the... Published 09 Mar, 2023 06:23am
Opinion Texas: Wind and solar stake claim to land of oil Modern Texas was built on oil, and its production has long been a source of immense pride. But now, areas that moved... Published 06 Mar, 2023 06:48am
Markets Oil prices rise over 2pc on Russian plan to cut output NEW YORK: Oil prices rose more than 2 percent on Friday and posted weekly gains of over 8%, as Russia announced ... Published 13 Feb, 2023 05:57am
Markets Russia to cut oil output by 500,000 bpd in March MOSCOW: Russia will cut oil production by 500,000 barrels per day, or around 5% of output, in March, Deputy Prime... Published 10 Feb, 2023 05:16pm
Print Russia could cut oil production over West’s ‘stupid’ price cap MOSCOW: Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any... Updated 10 Dec, 2022 09:56am
Markets Oil dips ahead of OPEC+ meeting HOUSTON: Oil futures slipped by about $1 a barrel in choppy trading on Friday ahead of a meeting of the Organization... Published 04 Dec, 2022 03:37am
Markets Oil prices down 2% as China widens COVID curbs NEW YORK: Oil prices slid about 2% on Friday after top crude importer China widened its COVID-19 curbs, though the... Updated 28 Oct, 2022 08:57pm
Print Saudi blasts release of oil reserves ‘to manipulate markets’ RIYADH: Saudi Arabia’s energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to... Updated 26 Oct, 2022 09:28am
Markets Biden, battling high gas prices, says US will tap, refill oil reserve WASHINGTON: President Joe Biden said Wednesday the United States will sell 15 million barrels from the nation's... Published 19 Oct, 2022 11:17pm
Markets UAE says OPEC+ output cut was correct decision ABU DHABI: The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut ... Published 19 Oct, 2022 05:54am
Print OPEC+ members line up to endorse production cut CAIRO: OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White... Updated 17 Oct, 2022 09:57am
World Biden says he ‘can beat’ Donald Trump again WASHINGTON: US President Joe Biden on Tuesday voiced confidence that he could beat his predecessor Donald Trump in a... Published 13 Oct, 2022 05:59am
Markets OPEC cuts 2022, 2023 oil demand growth view as economy slows LONDON: OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and... Published 12 Oct, 2022 05:52pm
World Biden re-evaluating US relationship with Saudis after OPEC decision WASHINGTON: President Joe Biden is re-evaluating the US relationship with Saudi Arabia after OPEC+ announced last... Updated 12 Oct, 2022 09:26am
World Biden re-evaluating US relationship with Saudis after OPEC decision WASHINGTON: President Joe Biden is re-evaluating the US relationship with Saudi Arabia after OPEC+ announced last... Published 11 Oct, 2022 07:40pm
Markets OPEC oil cuts bad for global economy, says US’s Yellen US Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was “unhelpful and... Published 09 Oct, 2022 11:47am
Markets Putin orders seizure of Exxon-led Sakhalin - 1 oil and gas project MOSCOW/HOUSTON: Russian President Vladimir Putin on Friday signed a decree that creates a new operator for the Exxon... Published 09 Oct, 2022 05:51am
Business & Finance US bill pressuring OPEC+ after oil production cut gains momentum WASHINGTON: Top US senators from both parties on Thursday gave momentum to a bill pressuring OPEC+ after the group... Updated 08 Oct, 2022 09:54am
World US lawmakers question Saudi arms sales as Biden mulls OPEC response WASHINGTON: Democratic members of the US Congress called for a sharp reduction in military sales to Saudi Arabia, as... Published 07 Oct, 2022 12:58am
Print OPEC+ agrees deep oil production cuts VIENNA/LONDON: OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market,... Published 06 Oct, 2022 05:59am
World Biden ‘disappointed’ with OPEC+’s ‘shortsighted’ output cut WASHINGTON: President Joe Biden is “disappointed” with the OPEC+ cartel’s decision to slash oil production output... Published 05 Oct, 2022 09:17pm
Markets OPEC+ agrees major oil output cut VIENNA: OPEC and its Russia-led allies agreed on a major cut in oil production on Wednesday, a move to prop up... Published 05 Oct, 2022 08:01pm