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Opec+ agrees to keep oil output unchanged as Iran tensions boost prices
They will raise production quotas by about 2.9 million barrels per day from April till December 2025, roughly 3% of global demand.…
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OPEC
News
Trump backs Venezuela staying in Opec
President Donald Trump said on Wednesday that he believes it would be better for Venezuela to remain in the Organization of the Petroleum…
News
Opec says Opec+ raised output in November, leaves demand view steady
Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+ members pressed ahead…
News
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Concerns about a possible conflict between the United States and Venezuela run far behind the focus on the war in Ukraine Oil prices rose…
News
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five years Crude futures…
Culture
Oil prices fall on Opec 2026 supply outlook
Oil prices fell more than US$2 a barrel on Wednesday, weighed down by an Opec report saying global oil supply will match demand in 2026,…
Culture
Oil prices steady despite Opec+ plans to pause output increases
NEW YORK, Nov 3 (Reuters) - Oil prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s…
News
Oil settles lower as Opec plans to increase oil output
Eight Opec+ nations are leaning towards making another modest increase in oil output for December Oil prices settled marginally lower on…
Business
Oil settles flat amid Opec+ output hike, supply glut fears
China is building oil reserve sites at a rapid clip as part of a campaign to boost stockpiles, according to public data, traders and…
Business
OPEC+ to increase oil production in November
A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing…
Culture
Oil prices gain 1% after lower-than-expected Opec+ output hike
Oil prices rose about 1 per cent in early trade on Monday after Opec+ announced a more modest monthly increase in production than…
Culture
Oil posts 8% weekly loss on potential Opec+ supply additions
Oil prices settled higher on Friday but posted a weekly loss of 8.1 per cent after news of potential increases to Opec+ supply. Brent…
Business
Oil settles lower as Opec+ plan adds to expectations of supply surplus
Oil prices settled lower on Tuesday as investors braced for a supply surplus due to potential Opec+ plans for a larger output hike next…
Business
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
Business
China can’t be counted on to absorb global crude surplus as Opec+ bumps up production: market watchers
Crude could trade at below US$60 a barrel by end-2025 as the world’s largest oil importer slows down stockpiling The crude oil market is…
News
Singapore to help firms navigate turbulent energy market as Opec+ move adds to market challenges: Low Yen Ling
The government will help firms navigate the turbulent energy landscape amid manoeuvres by Opec+, continuing geopolitical tensions and…
Fashion
Opec+ casts shadow on Singapore’s glitzy oil bash as surplus looms
Group agrees in principle to raise output again next month, according to delegates, with key members saying they expect to approve adding…
Fashion
Oil prices rise as Opec+ agrees to raise output at slower pace from October
The Organisation has been increasing production since April after years of cuts to support the oil market Oil prices rose on Monday (Sep…
Business
Opec+ set to raise oil output further from October: sources
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from…
Business
Opec+ agrees further oil output boost from October to regain market share
[LONDON/MOSCOW] Opec+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share,…
Business
Oil prices ease on surprise build in US crude stockpiles, Opec+ to consider output hike
Oil prices eased about 1 per cent to a two-week low on Thursday on a surprise build in US crude inventories last week and expectations…
Fashion
Oil prices drop as Opec+ weighs another output hike
Oil prices fell by more than 2 per cent on Wednesday ahead of a weekend meeting of Opec+ producers that is expected to consider another…
Business
Saudis raise crude prices to Asia after Opec+ adds barrels
Saudi Arabia raised crude prices for a second consecutive month, signalling confidence in demand for its barrels as Organization of the…
Culture
Oil falls as Opec+ output hike adds to oversupply concerns
Oil prices fell to their lowest levels in a week on Monday after Opec+ agreed to another large output increase in September, adding to…