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+ agrees oil output cuts approaching 2mn bpd, sources say LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day... Updated 30 Nov, 2023 08:50pm
Markets OPEC+ talks continue with prospect for deeper oil cuts unclear DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy ahead of a Thursday ministerial meeting, as... Published 30 Nov, 2023 04:53am
Markets OPEC+ talks continue, no meeting delay currently expected, sources say DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy, with no delay to a meeting scheduled for... Published 29 Nov, 2023 03:01pm
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 OPEC head accuses IEA of vilifying fossil fuel industry DUBAI: OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying... Published 28 Nov, 2023 04:57am
Markets OPEC+ moving closer to compromise with African producers LONDON/ MOSCOW: OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, three OPEC+... Published 25 Nov, 2023 05:19am
Markets Oil prices steady ahead of OPEC+ oil production decision Global benchmark Brent crude oil hovered above $81 a barrel on Friday ahead of next week’s OPEC+ meeting, which... Updated 24 Nov, 2023 10:31pm
BR Research Oil: Will Opec hit back hard? Opec delaying its scheduled meeting by four days has taken the market by surprise – initiating a selloff that saw... Published 24 Nov, 2023 08:32am
Markets Oil perks up after sharp week-long selloff on supply, demand concerns LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after... Published 18 Nov, 2023 06:03am
Markets Saudi Arabia’s crude exports rise in September Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million barrels per day (bpd),... Published 16 Nov, 2023 05:39pm
Markets Bullish IEA, OPEC oil demand forecasts at odds with modest gains in Asia’s imports: Russell LAUNCESTON: The International Energy Agency (IEA) and producer group OPEC are sticking to bullish forecasts for... Published 16 Nov, 2023 10:36am
Markets Saudi Arabia likely to extend additional supply cuts to Q1 2024: Energy Aspects SINGAPORE: The world’s top oil exporter, Saudi Arabia, is expected to extend its additional voluntary supply cuts to... Published 15 Nov, 2023 08:18pm
BR Research Oil: Bottomed out? The bear run in the global crude oil market may soon be short of legs. That much was made clear by Opec – which... Published 15 Nov, 2023 09:00am
Markets Oil climbs as IEA lifts demand growth forecast, US inflation cools LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,... Updated 14 Nov, 2023 08:39pm
Markets Oil gains as OPEC report dampens demand concerns BENGALURU: Oil prices rose by more than 1% on Monday after OPEC’s monthly market report eased market concerns ... Published 14 Nov, 2023 05:08am
Markets OPEC says oil market remains strong despite negative sentiment LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ... Published 14 Nov, 2023 05:08am
Markets OPEC says oil market remains strong despite negative sentiment LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as... Published 13 Nov, 2023 05:43pm
Markets Gulf bourses mixed DUBAI: Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of... Published 13 Nov, 2023 06:31am
Markets Brent oil hovers above $80 after this week's downward spiral LONDON: The Brent crude oil benchmark hovered above $80 a barrel on Thursday, with demand concerns and a waning... Updated 09 Nov, 2023 08:07pm
Markets Oil sputters near three-month lows as demand concerns mount Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in... Updated 08 Nov, 2023 07:17pm
Markets OPEC+ sees healthy growing global economy LONDON: The Organization of the Petroleum Exporting Countries and allies (OPEC+) believe the global economy is... Published 07 Nov, 2023 04:00pm
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
Markets India bond yields flat as investors await Fed guidance MUMBAI: Indian government bond yields moved sideways in a thinly-traded market early Wednesday, as investors awaited... Published 01 Nov, 2023 11:53am
Markets OPEC oil output rises for third month LONDON: OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by... Published 01 Nov, 2023 05:57am
Business & Finance IEA says China oil demand key factor in energy transition PARIS: The International Energy Agency executive director underlined Tuesday the importance of Chinese demand for... Published 25 Oct, 2023 06:19am
Markets World oil, gas, coal demand to peak by 2030, IEA says LONDON: World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows... Published 24 Oct, 2023 10:21am
Business & Finance Mideast conflict: Oil investors rotate from WTI to Brent: Kemp LONDON: Portfolio investors tiptoed back into the petroleum market last week, after three weeks of heavy selling, as... Published 24 Oct, 2023 05:05am
Markets Oil slips as investors watch diplomatic moves in Gaza war LONDON: Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where... Updated 23 Oct, 2023 05:54pm
Markets Russia: OPEC+ helps stabilise oil markets irrespective of West’s price caps MOSCOW: Russia said on Friday that the OPEC+ group of leading oil producers had helped to stabilise oil markets and... Published 20 Oct, 2023 03:02pm