Organization of the Petroleum Exporting Countries

Qatar to withdraw from OPEC as of Jan 2019: minister
Middle East

Qatar to withdraw from OPEC as of Jan 2019: minister

DOHA (Reuters) – Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad…
Qatar Petroleum to boost oil production despite Gulf embargo: CEO
Business

Qatar Petroleum to boost oil production despite Gulf embargo: CEO

State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on…
Oil prices struggle on doubts OPEC can rein in oversupply
Business

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices hovered near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts…
Oil prices dip on fears Middle East spat could harm OPEC cuts
Business

Oil prices dip on fears Middle East spat could harm OPEC cuts

Oil prices reversed gains to trade down on Monday on concerns that the cutting of ties with Qatar by top…
Oil prices dive 3 percent to three-week low; OPEC crude output up
Business

Oil prices dive 3 percent to three-week low; OPEC crude output up

Oil prices sank 3 percent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly…
Putin to meet influential Saudi prince in Moscow
Middle East

Putin to meet influential Saudi prince in Moscow

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and Russian President Vladimir Putin, who together have worked to cut oil…
OPEC likely to extend output cuts, but price relief elusive
Business

OPEC likely to extend output cuts, but price relief elusive

OPEC oil ministers meeting this week appear damned if they don’t extend production cuts — and only slightly less damned…
US plan to sell oil reserves undermines OPEC supply management efforts
Business

US plan to sell oil reserves undermines OPEC supply management efforts

US President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday…
Oil rises above $52 as Saudis and Russia back longer supply cut
Business

Oil rises above $52 as Saudis and Russia back longer supply cut

Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia…
Oil prices slide on profit-taking after two-day jump
Business

Oil prices slide on profit-taking after two-day jump

Oil prices dropped on Friday as investors took profits following a seven-percent rise in the last two sessions, amid doubts…
Back to top button