Russia and Saudi Arabia's oil price fight shows the world doesn't have what it takes to fight coronavirus

2020-03-10 17:49

Setting the price for oil was a test of producers' ability to coordinate with each other in the face of global disaster. And they failed.

Oil set for strongest quarter in a decade on OPEC-led cuts and trade talk optimism

2019-03-29 16:27

Bullishness on a trade deal between the US and China, and supply cuts resulting from US sanctions on Iran and Venezuela have sent prices higher.

Conflicting fundamental drivers of oil to overshadow OPEC headlines

2019-01-08 13:59

As we head into 2019, oil prices are poised to be pulled and tugged by conflicting fundamental drivers, with various uncertain market conditions clouding the medium- to longer-term outlook.

Bargain hunters eye Saudi debt amid Khashoggi and oil pain

2018-11-21 18:31

As if the fallout over the killing of columnist Jamal Khashoggi wasn’t enough, oil’s decline has helped make Saudi bonds the worst performers among Gulf peers in the second half of this year. But all this panic has created buying opportunities.

Oil is sliding after OPEC cuts a deal to raise production

2018-06-25 15:29

Oil prices fell on Monday after OPEC and other supply-cutting countries led by Russia agreed to gradually ease oil supply cuts that have been in place for nearly two years.

Oil: Getting rid of the glut

2017-01-10 07:46

The oil price will rise, the market will tighten and companies and countries will recover economic losses – if the oil market cuts the glut.

Riven by rivalries, Opec heads to key talks

2016-09-25 19:00

Cartels only work when their members stick together - but precious little unity is likely to be on show among Opec producers at a key meeting in Algiers on Wednesday.

Opec must find consensus on output freeze - Nigeria

2016-04-18 19:45

Nigeria has called on Opec members to find a consensus on a freeze on oil production after talks among producers collapsed in Qatar.

Oil price 'fair' despite factors

2014-04-07 12:31

Kuwaiti Oil Minister Ali al-Omair says that current oil prices are "fair" despite strong geopolitical factors impacting the region.

Opec ticks up 2013 oil demand forecast

2013-12-02 14:59

The Opec oil cartel has increased its forecast for oil demand growth in 2013 on expectations of better-than-expected improvement in developed country economies.


Oil demand set to fall for first time in over 10 years as coronavirus hits Chinese economy

2020-02-13 17:06

The cost of coronavirus to global oil markets came into sharp focus Thursday as the International Energy Agency forecast a dip in global oil demand.

The oil price is set for the longest winning streak in 30 years

2019-01-11 12:49

Stock market wobbles have grabbed all the attention, but oil has had a stunning rally into the new year, helped by signs the trade war is thawing and OPEC.

Trade angst revival rattles emerging-market optimists

2018-12-08 12:30

Emerging-market stocks retreated as the arrest of Huawei’s chief financial officer and mixed messages from the Trump administration rekindled concern over a US-China trade war.

Trump accuses 'OPEC monopoly' of pushing oil prices higher and says 'they must get oil prices down now!'

2018-09-21 10:40

"We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember," Trump tweeted on Thursday.

OPEC is gearing up to hike oil production during what could be a 'contentious' meeting

2018-06-22 11:57

In efforts to tackle a global oil glut, OPEC and other supply-cutting countries have since 2016 been coordinating output levels to prop up prices.

OPEC seeks cuts from non-members at Vienna talks

2016-12-12 17:25

OPEC officials met Saturday with Russia and other oil producers to try to persuade them to lower production under a pact to stem a global glut and lift prices.

Opec giants downplay output limits

2016-08-28 12:00

Oil prices have edged higher but the market remained weak as Opec's key producers cast doubt on the possibility of cutting output.

Opec seen sticking by oil output

2014-06-08 13:00

Opec is set to stick by its oil output ceiling as supply tensions linked to global crises help to keep crude prices high, benefiting producers.

Iran to reassert authority at Opec

2013-12-02 15:08

Bijan Zanganeh is ready to prepare Opec for what Tehran hopes will mark its return as the cartel's second biggest producer.

Opec to decide oil output amid strains

2013-12-02 14:27

The Organization of Petroleum Exporting Countries is set to decide on the cartel's oil output against a backdrop of slowing crude demand and unrest in Libya.

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