Saudi says OPEC+ can pause or reverse oil output boost ST PETERSBURG: OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister... Published 07 Jun, 2024 06:24am
Markets OPEC+ panel holds oil policy steady as Saudi keeps oil cuts LONDON/MOSCOW/DUBAI: An OPEC+ ministerial panel which met on Wednesday made no changes to the group’s current oil... Published 04 Oct, 2023 05:41pm
Markets Saudi Arabia to continue voluntary cut of one million bpd DUBAI: Saudi Arabia on Wednesday said it would continue with its voluntary oil output cut of one million barrels per... Published 04 Oct, 2023 02:26pm
Business & Finance Nearby Brent crude spread hits 2023 high on tight supply LONDON: The spread between the front and second month contract for global oil benchmark Brent has widened to its... Published 29 Sep, 2023 06:24am
Print IEA flags OPEC+ supply cuts International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter Updated 12 Aug, 2023 09:53am
Print Oil benchmark Brent’s price structure reflects tighter market LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,... Updated 11 Aug, 2023 08:42am
Markets OPEC+ panel meets against backdrop of a stronger oil market LONDON/DUBAI: An OPEC+ ministerial panel which meets on Friday is unlikely to tweak the group’s current oil output... Published 04 Aug, 2023 05:47pm
Markets Saudi Arabia extends 1m bpd oil cut DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to... Published 04 Aug, 2023 06:20am
Markets Russia signals opposition to potential OPEC+ oil output cut: WSJ MOSCOW: Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output ... Published 05 Sep, 2022 08:05am