OPEC

Saudis order oil cuts to US, Europe before non-OPEC talks
Middle East

Saudis order oil cuts to US, Europe before non-OPEC talks

Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signaled that…
Oil extends gains on hopes for non-OPEC output cuts
Business

Oil extends gains on hopes for non-OPEC output cuts

Oil prices extended gains for a second session running on Friday on optimism that non-OPEC producers would agree to cut…
Oil rallies over $50 despite OPEC output cut doubts
Business

Oil rallies over $50 despite OPEC output cut doubts

Oil prices recovered above US$50 a barrel on Thursday, bouncing back from the week's lows as the dollar weakened against…
Oil dips as OPEC, Russian output rises ahead of production cut
Business

Oil dips as OPEC, Russian output rises ahead of production cut

Global oil prices slipped on Tuesday as crude output rose in most major export regions despite plans by OPEC and…
Oil prices, US dollar leap on OPEC deal news
Business

Oil prices, US dollar leap on OPEC deal news

Oil prices and energy shares swept higher on Thursday after OPEC agreed to cut crude output to clear a recent…
Saudi Arabia wants OPEC to solve own problems before meeting non-OPEC
Business

Saudi Arabia wants OPEC to solve own problems before meeting non-OPEC

Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC…
Oil may rise to $55 if all producers cooperate – Iran
Business

Oil may rise to $55 if all producers cooperate – Iran

Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump…
Iraq’s oil contracts make joining OPEC output cut more painful
Middle East

Iraq’s oil contracts make joining OPEC output cut more painful

Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents…
Oil pinned near three-month lows as gloom grows over OPEC
Business

Oil pinned near three-month lows as gloom grows over OPEC

Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak…
Exclusive: Saudis could raise oil output again as sparring with Iran returns – sources
Middle East

Exclusive: Saudis could raise oil output again as sparring with Iran returns – sources

Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying…
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