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OPEC BID
Why are oil, gold and silver prices down today, and will Brent futures, US WTI crude and precious metals prices continue to drop or rise again? Market reacts to Iran peace deal hopes and rate concernsWhy are oil, gold and silver prices down today, and will Brent futures, US WTI crude and precious metals prices continue to drop or rise ag...- As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
- How the Mideast war brought UAE, Israel closer togetherAfter facing barrages of Iranian missiles that threatened its economic future, the UAE has moved closer to Israel, widening a split with al...
- Oil prices rise as US-Israeli war with Iran continues to disrupt supplyOil prices surged Monday amid escalating fears of supply disruptions in the Middle East due to the ongoing U.S.-Iran conflict. The Strait o...
- Saudi extends voluntary oil cut of 1 mn barrels per day until mid-2024Saudi Arabia has extended its voluntary oil supply cut of one million barrels per day until the end of the second quarter of 2024 to prop u...
- Climate campaigners slam OPEC bid to thwart oil phase-outIn the letter sent Wednesday, Ghais said it "seems that the undue and disproportionate pressure against fossil fuels may reach a tipping po...
- Climate campaigners slam OPEC bid to thwart oil phase-outOPEC faced criticism from activists and the High Ambition Coalition after urging its members to oppose a fossil fuel phase-out at the COP28...
- India expects participation of global oil majors in BPCL bidding: Oil minister Dharmendra PradhanHomegrown Vedanta and two international funds have shown initial interest in buying the government’s entire majority stake in BPCL. The gov...
- Saudi Arabia offers extra oil output cut as part of OPEC+ deal: SourcesOPEC+ sources told Reuters that Russia and Kazakhstan were pushing for the group to raise production by 500,000 barrels per day (bpd) while...
- Saudi offers extra oil output cut as part of OPEC+ deal: SourcesTwo OPEC sources said Saudi Arabia made the offer on Tuesday at a meeting of OPEC+, which combines OPEC producers and others including Russ...
- Guess who's China's new best friend in oil market?US crude exports to China leapfrogged sales from OPEC countries such as Libya and neighbors.
- Oil prices drop before US dataOil prices fell slightly on Wednesday as the market geared up for the release of key data on US energy stockpiles ahead of an OPEC weekend ...
- Oil prices higher in Asian tradeOil prices rose in Asian trade on Monday on expectation the Organisation of Petroleum Exporting Countries (OPEC) will further cut productio...
- Oil prices lower in AsiaOil prices continued to slip in Asian trading hours on Tuesday, pressured by demand worries even though expectations of more OPEC productio...
- Reliance oil deals with Kurdistan illegal: Iraqi Oil MinisterIraq has dubbed as "illegal" the contracts signed by Reliance Industries' for two oil blocks in Kurdistan saying companies signing oil deal...
- Oil prices higher as OPEC set to cut outputNew York's main contract, light sweet crude for December delivery, surged $1.08 to $68.92 a barrel from its close in the United States on T...
- OPEC set to cut oil output at emergency meetOPEC is set to announce a cut to its oil output at an emergency meeting here on Friday in a bid to support crude prices, which are plunging...
- Oil prices climb as OPEC expected to cut outputOil prices rose two dollars on growing signs that OPEC will announce production cuts at a special meeting in Vienna this week in a bid to s...
- OPEC ready to raise output if market needs: KuwaitKuwaiti Oil Minister Mohammed al-Olaim said on Sunday that OPEC members will not hesitate to increase production if the market needed it.
- Ecuador back in OPEC next monthEcuador's bid is backed by Venezuela, the only Latin American member of OPEC. Ecuador produces 530,000 barrels of oil per day -- the countr...
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