OPEC

Saudi Arabia has ‘no intention’ of 1973 oil embargo replay: TASS
Middle East

Saudi Arabia has ‘no intention’ of 1973 oil embargo replay: TASS

LONDON (Reuters) – Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate…
Iran calls U.S. efforts to cut its oil exports to zero ‘political bluff’
Middle East

Iran calls U.S. efforts to cut its oil exports to zero ‘political bluff’

GENEVA (Reuters) – Statements by the United States that it would reduce Iran’s oil exports to zero are a “political…
Iran, major powers labor to keep nuclear deal afloat
Middle East

Iran, major powers labor to keep nuclear deal afloat

  UNITED NATIONS (Reuters) – The remaining parties to the Iran nuclear deal on Monday agreed to keep working to…
OPEC, allies agree not to further increase oil production
Middle East

OPEC, allies agree not to further increase oil production

  ALGIERS, Algeria (AP) — A meeting of OPEC and its allies ended without any decision to further increase oil…
Oil prices edge up as supply concerns outweigh US stockpile gains
Middle East

Oil prices edge up as supply concerns outweigh US stockpile gains

  BEIJING (Reuters) – Oil prices inched up on Wednesday as concerns that producers may not be able to cover…
OPEC chief: Cartel must stay together as US sanctions Iran
Middle East

OPEC chief: Cartel must stay together as US sanctions Iran

  FUJAIRAH, United Arab Emirates (AP) — OPEC must stick together for the good of the global economy as founding…
Iran says Saudi Arabia and Russia have taken oil market ‘hostage’: SHANA
Middle East

Iran says Saudi Arabia and Russia have taken oil market ‘hostage’: SHANA

  Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as US…
Oil prices inch up as US crude stocks drop, Iran sanctions weigh
Middle East

Oil prices inch up as US crude stocks drop, Iran sanctions weigh

SEOUL (Reuters) – Oil markets rose on Wednesday on a drop in US crude inventories and a weaker dollar, while…
Oil dips as emerging market woes dim demand outlook
Middle East

Oil dips as emerging market woes dim demand outlook

LONDON (Reuters) – Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel…
Oil to hold steady into 2019 as OPEC, U.S. compensate for supply hitches: Reuters poll
Middle East

Oil to hold steady into 2019 as OPEC, U.S. compensate for supply hitches: Reuters poll

Oil prices are likely to hold fairly steady this year and next as increased output from OPEC and the U.S.…
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