Major oil producers and members of the OPEC+ group, led by Saudi Arabia and Russia, agreed on Sunday to extend voluntary oil output cuts of…
Posts tagged as “OPEC”
Russia on Tuesday said it would introduce a six-month ban on gasoline exports starting March 1 to keep prices stable amid rising domestic demand in…
Saudi Arabia’s decision to delay oil capacity expansion plans should not be translated as an assessment that demand for crude is falling, according to Haitham…
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have called on all OPEC+ countries to participate in the group’s agreement on oil…
The world demand for crude is expected to continue to grow for the next two decades, according to the OPEC oil cartel on Monday, despite…
Organization of Petroleum-Exporting Countries (OPEC) is positive about demand and sees underinvestment as a risk to energy security, Secretary-General Haitham Al Ghais stated on Monday…
Oil cuts by Saudi Arabia and Russia will lead to a “significant” global supply shortfall through the end of the year, increasing the risk of…
The International Energy Agency (IEA) Friday said OPEC+ supply cuts could erode inventories in the rest of this year, potentially driving prices even higher, before…