Opec shrugs off threat US will cut oil imports

2017-01-23 09:52

The Organisation of Petroleum Exporting Countries' two biggest suppliers to the US shrugged off a vow by President Donald Trump to end dependence on the group’s oil

Kuwait to start importing gas from Iraq - ministers

2016-12-29 13:01

Kuwait is set to begin importing gas daily from neighbouring Iraq, oil ministers from the two Arab nations say.

Oil extends longest run of gains since August

2016-12-27 16:25

Oil has extended the longest winning streak in more than four months before Opec and other producing nations start reducing output to stabilise the market.

Opec-Russia deal could drain almost half oil surplus

2016-12-13 09:38

On paper, the Organisation of Petroleum Exporting Countries (Opec)’s supply deal could drain almost half the global oil glut within six months.

Opec deal hinged on 2am phone call and it failed

2016-12-02 08:53

After months of meetings from Doha to Moscow, it was a morning phone call between two of the most powerful men in the global oil industry that finally broke the impasse.

Opec decision day rouses new optimism

2016-11-30 11:35

After weeks of often tense negotiations, Opec ministers are meeting in Vienna on Wednesday to try and salvage a deal to cut oil production and prop up global prices.

OPEC to remain split as Russia won't attend meeting

2016-11-29 10:53

OPEC officials have failed to make an agreement to cut production and revive oil prices, while Russia said it’s not planning to attend crucial talks on Wednesday.

OPEC’s latest headache: Russian reluctance to cut oil output

2016-11-24 12:50

For months, Russia has told OPEC its preferred option in any eventual oil-supply deal was to freeze production, rather than to cut it.

Oil investors shrug off US election with focus on OPEC

2016-11-15 09:01

Oil investors seem to be the only ones uninterested in Donald Trump’s election.

OPEC raises oil-demand forecast on outlook for cheaper crud

2016-11-08 12:34

OPEC has raised its forecast for global oil demand next year and through the end of the decade, anticipating that cheaper crude will spur consumption as economic growth slows.


Globalisation took hits in 2016, will 2017 lead to more?

2017-01-02 12:06

2016 was the year when globalisation, the path that the world economy has largely followed for decades, took some hefty blows

AA warns of hefty fuel price jump

2016-12-29 10:41

January 2017 will see the first of what the Automobile Association expects to be a series of fuel price hikes in the New Year.

Opec deal makes oil investors most bullish

2016-12-19 10:23

Investors are the most optimistic on oil since the slump began two and a half years ago.

Opec skeptics flee as production cut rockets oil past $50

2016-12-12 08:25

Investors are skeptical that Organisation of Petroleum Exporting Countries would cut output fled the market after the group came to an agreement.

Opec confounds skeptics, agrees to first oil cuts in 8 years

2016-12-01 06:52

Opec has confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years

Oil deal D-Day: Opec deadlock threatens plan

2016-11-30 08:30

An Opec deal to curtail oil production and prop up global prices appears in jeopardy as Iran says it won’t make cuts while Saudi Arabia insisted Tehran must play a role.

Opec pushes for oil deal as Saudis open door for no output cut

2016-11-28 07:33

Opec is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output.

'Opec to agree details of oil-supply cuts'

2016-11-22 18:45

The Opec is on course to finalise the details of the Algiers accord to cut oil production, says a delegate from Nigeria.

OPEC says climate effort won't quench oil thirst

2016-11-09 22:23

A global pact to battle global warming entered into force last week, but the latest long-term look into the energy market by the OPEC oil cartel sees climate change measures failing.

OPEC, non-oil cartel members discuss production cuts

2016-10-30 14:41

OPEC officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement a plan aimed at cutting oil output to reduce a global supply glut and bolster prices.

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