OPEC, allies fail to reach deal on oil production cuts

2020-03-07 12:00

OPEC and its allies failed to reach a deal on oil production cuts Friday, after Moscow refused to tighten supply to counter the effects of the coronavirus outbreak, sending oil prices tumbling.

Oil rises after drone attack on Saudi Arabia disrupts Gulf calm

2019-08-19 08:56

Oil rose for a second day after a drone attack on a Saudi Arabian oil field brought geopolitical risks back into focus, and as the prospect of more US-China trade meetings spurred some investor optimism.

Oil jumps to highest level in almost 6 months

2019-04-22 13:53

Oil rose to the highest level in almost six months as the US government was said to eliminate sanction waivers that allowed buyers to import Iranian crude.

Oil set for longest weekly rally since October on OPEC's curbs

2019-01-18 11:04

Oil headed for its longest weekly rally in three months on easing concern over whether the OPEC+ coalition will follow through on its pledge to slash production.

OPEC strategy still a winner for members despite oil slump

2019-01-06 08:31

Crude prices in London have sunk back to the same range when the OPEC began production cuts in early 2017

Qatar to quit Saudi-dominated OPEC in 2019

2018-12-03 18:39

Qatar will leave OPEC next month in order to focus on gas production, denying the surprise move was a result of Doha's bitter feud with oil-rich Saudi Arabia.

Oil price 'now controlled by just 3 men'

2018-11-18 20:45

The Organisation of the Petroleum Exporting Countries has lost what control of the oil market it ever had, is the view of Julian Lee.

Asian markets track Wall St gains, positives seen in US gridlock

2018-11-08 10:28

Asian markets mostly rose Thursday, building on a global rally as investors bet that gridlock in Washington will clip Donald Trump's wings.

Oil falters as Trump ups pressure while Goldman dissuades bulls

2018-09-26 10:18

Oil traded near $82 a barrel after President Donald Trump resumed his attack on OPEC while Goldman Sachs Group poured cold water on forecasts for $100 crude.

Oil traders say $100 coming as OPEC struggles to fill Iran gap

2018-09-24 13:15

Major oil trading houses predict the return of $100 crude for the first time since 2014


Climate crisis gatecrashes OPEC gathering

2019-12-08 18:00

The climate crisis was the unexpected guest at this week's gathering of the OPEC bloc of oil producers and its allies.

Trump says he's spoken to Saudi Arabia about increasing oil flow

2019-04-26 22:01

US President Donald Trump said he’s spoken to Saudi Arabia and other countries about increasing oil flow and that 'all are in agreement.'

Saudis urge OPEC+ to stick with oil cuts

2019-03-18 06:01

OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih has said.

Oil climbs for seventh day as trade talks fuel demand optimism

2019-01-09 06:25

Oil rallied for a seventh day as US negotiators touted progress in trade talks with China and investors gained faith that OPEC will shrink output.

Oil retreats as concern over Chinese economic growth deepens

2019-01-03 14:57

Oil retreated from a two-week high amid increasing concerns over economic growth in China, the world’s second-biggest consumer of crude.

Oil drops to one-year low on concern supply cuts won't stem glut

2018-11-21 06:05

Oil tumbled below $53 a barrel for the first time in a year amid concern OPEC’s plans to cut production won’t be enough to stem a surge in stockpiles.

WATCH: Brent oil drops under $70 for first time since April

2018-11-09 13:19

Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil producing nations in Abu Dhabi.

Oil holds gains, eyes on $100 a barrel, but Asia markets down

2018-10-02 07:42

Oil prices held around four-year highs Tuesday after another blistering rally, supporting energy firms, but most markets were in retreat as traders brushed off a positive lead from Wall Street and the US-Mexico-Canada trade deal.

OPEC raises forecast based on US oil production

2018-09-25 08:28

The OPEC oil cartel raised its global production forecast based on higher-than-predicted US output in a report outlining a long-term rise in net demand, particularly in developing countries.

Imagine a world without OPEC. It isn't paradise

2018-07-23 05:02

Julian Lee writes what would happen if the No Oil Producing and Exporting Cartels bill becomes law and the group failed to protect itself from its reach.

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