OPEC

Kuwait names new oil and finance ministers as government faces liquidity crunch
Middle East

Kuwait names new oil and finance ministers as government faces liquidity crunch

KUWAIT (Reuters) – Kuwait’s emir on Monday approved a new cabinet that included new ministers of oil and finance for…
OPEC+ starts meetings to weigh further steps to support market
Middle East

OPEC+ starts meetings to weigh further steps to support market

LONDON (Reuters) – The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further…
Energy leaders leave door open to more cuts as virus spikes
Middle East

Energy leaders leave door open to more cuts as virus spikes

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s energy minister said Monday that global energy producers have the ability to…
Kuwait says supports any OPEC+ supply decision as 2021 curbs loom
Middle East

Kuwait says supports any OPEC+ supply decision as 2021 curbs loom

DUBAI/BAGHDAD/LONDON (Reuters) – Kuwait said on Thursday it would support any decision made by OPEC and its allies on future…
Saudi Arabia to end voluntary cuts on top of OPEC+ pact
Economy

Saudi Arabia to end voluntary cuts on top of OPEC+ pact

DUBAI/LONDON/MOSCOW (Reuters) — Saudi Arabia will boost output in July to match its output OPEC quota while ending voluntary deeper…
Hit by coronavirus and Trump, Iran’s oil exports dwindle to record low
Middle East

Hit by coronavirus and Trump, Iran’s oil exports dwindle to record low

LONDON (Reuters) — Iran’s oil exports have sunk to a record low as the coronavirus crisis compounds the impact of…
Qatar Petroleum plans job and cost cuts amid market downturn: sources
Business

Qatar Petroleum plans job and cost cuts amid market downturn: sources

LONDON/DUBAI (Reuters) — Qatar Petroleum, one of the world’s biggest energy companies, plans a new wave of job cuts and…
Will the Collapse of American Crude Oil Prices Overthrow Trump?
Opinion

Will the Collapse of American Crude Oil Prices Overthrow Trump?

On April 10, 2020, Russia and OPEC member states agreed to cut oil production by 10 million barrels per day…
Iran will fare better than others after oil price drop, says Rouhani
Middle East

Iran will fare better than others after oil price drop, says Rouhani

DUBAI (Reuters) — Iran will not suffer as much as other countries from the oil price drop because it is…
IEA predicts ‘worst year in the history’ of oil sector
World

IEA predicts ‘worst year in the history’ of oil sector

The coronavirus outbreak will slash global oil demand in 2020 to erase a decade of growth and set up “the…
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