OPEC+ extends oil production cuts to 2026
A group of OPEC+ nations, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan,…
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OPEC+ cuts
OPEC+ pauses oil output hike amid price slump
The OPEC+ alliance has decided to temporarily halt its planned increase in oil production for two months. The…
EIA predicts continued OPEC+ oil production cuts through ’28
The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…
Saudi Aramco profit falls 3.4% in Q2 ’24
Saudi Arabia's state oil producer Aramco reported a 3.4 per cent decline in second-quarter net income on Tuesday.
OPEC+ defends decision amid oil volatility
OPEC+ ministers stood firm against oil's bearish reaction to their decision to gradually increase crude production…
Oil up on Thursday
Oil prices rose for a second consecutive session despite Saudi Arabia signalling demand concerns by cutting its…
Oil steady on Thursday
Oil steadied post-Wednesday's dip, with focus on US stockpile data & an upcoming OPEC+ meeting for…
Oil steady at week’s opening
Oil steady at the beginning of the week amidst speculation of potential growth-boosting measures in China and…
S. Arabia mulls crude price hike to Asia
Saudi Arabia, the leading exporter of oil, is contemplating raising prices for most of its crude grades sold to…
