Business
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on…
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OPEC
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Oil posts biggest weekly loss in a month ahead of Opec+ meeting
Oil prices fell more than 1 per cent lower on Friday (May 2) and recorded their biggest weekly losses since the end of March, as traders…
News
Oil falls 2% after sources say Opec+ to mull accelerating output
Oil prices slipped 2 per cent on Wednesday (Apr 23) as sources said Opec+ would consider accelerating its oil output increases in June,…
News
Opec cuts 2025 oil demand forecast over US tariffs
It expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from a previous forecast of 1.4 million bpd Opec slightly…
News
Opec+ stuns oil market with policy shift to drive down price
For most of this decade, the Organization of the Petroleum Exporting Countries and its allies (Opec+) has been the world’s most stalwart…
News
Oil dives more than 6%, steepest fall in 3 years on tariffs, Opec+ supply boost
Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after Opec+ agreed to a surprise increase in…
News
Opec+ agrees to make larger than expected supply hike in May
Opec+ agreed to make a larger than expected oil supply hike in May, adding the equivalent of three monthly tranches from its previous plan…
News
Opec+ considers delaying April supply restart, delegates say
ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) is considering pushing back a series of monthly supply increases due to…
News
Opec warns that US trade policy risks stoking market volatility
ORGANIZATION of the Petroleum Exporting Countries (Opec) warned that President Donald Trump’s trade policies risk stoking volatility in…
News
Opec+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday (Feb 3) and removed the US government’s Energy…
Business
Opec output dips in December as UAE improves delivery of cuts
ORGANIZATION of Petroleum Exporting Countries ‘s (Opec) crude production dipped last month as the United Arab Emirates stepped up…
Business
China’s solar industry looks to Opec for guide to survival
CHINA’S solar equipment manufacturers are learning they need to exercise restraint to survive. More than 30 of the top companies signed up…
News
Opec+ delays revival of its oil production by three months
OPEC+ delayed the revival of its oil production by three months, a delegate said, the third time it has deferred the move while crude…
News
Opec again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday (Nov 12), highlighting…
Fashion
Aramco cuts oil prices to Asia for December after Opec+ delay
SAUDI Arabia lowered oil prices for buyers in Asia for December after members of the Opec+, which includes the Organization of the…
Culture
Oil rises as Opec+ delays output hike and Iran steps up rhetoric
OIL advanced after Opec+ agreed to push back its December production increase by one-month and tensions again escalated in the Middle…
Fashion
Oil prices jump over 1% on delayed Opec+ output hike
OIL prices rose by more than US$1 in early trading on Monday (Nov 4) after Opec+ said on Sunday it would delay a planned December output…
Culture
Opec+ delays supply restart again as crude prices struggle
ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) agreed to push back its December production increase by one month, the…