Showing results for "#OPEC"
Saudi's energy minister warns speculators ahead of OPEC+ meeting
Saudi Arabia, the world's largest oil exporter, and other OPEC+ producers announced surprise voluntary cuts in April that lifted prices after a slump...
Oil prices fall as doubts grow over output cut deal
Oil prices have tumbled to levels not seen for years due to the coronavirus pandemic and a price war between Russia and Saudi Arabia, the kingpin of...
Saudi Arabia denies withdrawal from OPEC+ deal
The Foreign Minister denied the reports and accused Russia of refusing the agreement, while the Kingdom and 22 other countries were trying to persuade...
Saudis to boost oil exports to 10 mn barrels per day
The kingdom has long sought to diversify its energy mix by tapping gas and renewables to free up more oil for export, the kingdom's chief revenue...
OPEC calls for big production cut, but will Russia agree?
The oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging...
OPEC lowers oil forecast over virus
The outbreak of the coronavirus in China during the first half of 2020 is the major factor behind this downward revision, OPEC said.
Climate crisis gatecrashes OPEC gathering
In many countries the 'Fridays for Future' movement have been mobilising young people weekly in order to agitate for action on climate change.
OPEC nations grapple with oversupply of oil
The oil-producing nations will decide whether to stick with production cuts they've endured for the past three years, relax them or deepen them in the...