Opec

OPEC
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…
Crude Oil
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…
OPEC
Prices at the Pump Are Ticking Higher After OPEC Decision
Gasoline prices in the United States have jumped over 3% since OPEC’s decision last week to cut output by 2 million barrels per day in November, reversing the …
OPEC
Saudi Aramco to Maintain Full Oil Supplies to Asia in Nov Despite OPEC+ Cuts
Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season.
Oil Price
Oil Takes a Breather, Eases off 5-Week Highs
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies follow…
OPEC
Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts
Saudi Aramco has told at least five customers in North Asia they will receive full contract volumes of crude oil in November
OPEC
OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times
U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially e…
OPEC
Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'
The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets…
OPEC
Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern …
OPEC
Opec+ to Hold In-Person Meeting Next Week in Vienna
This will be the first in-person ministerial meeting since March 2020, the group says
Natural Gas
OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting
Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.
Oil Price
Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in …
OPEC
OPEC Upbeat on Global Economic Growth
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expec…
Crude Oil
South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar…
CCS
China’s Sinopec Starts First Carbon Capture, Storage Facility, Plans Another Two by 2025
China's Sinopec Corp said on Monday it has put into operation the country's largest carbon capture, utilisation and storage (CCUS) facility in east China, and p…

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Opec

U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse

White House Leaves Door Open for Additional SPR Releases

Prices at the Pump Are Ticking Higher After OPEC Decision

Saudi Aramco to Maintain Full Oil Supplies to Asia in Nov Despite OPEC+ Cuts

Oil Takes a Breather, Eases off 5-Week Highs

Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts

OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times

Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'

Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut

Opec+ to Hold In-Person Meeting Next Week in Vienna

OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting

Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff

OPEC Upbeat on Global Economic Growth

South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output

China’s Sinopec Starts First Carbon Capture, Storage Facility, Plans Another Two by 2025