Oil falls early Thursday amid large US crude stockpiles
Oil prices fell on Thursday, following a greater-than-expected increase in U.S. crude inventories, which raised…
Browsing Tag
OPEC
Oil rises ahead of new economic data
Oil prices increased slightly as traders anticipated the Organization of the Petroleum Exporting Countries' (OPEC+)…
Iraq’s output will not exceed 4mln bpd
Iraq is committed to producing no more than 4 million bpd following the announcement of its second voluntary cut in…
S. Arabia’s overall merchandise exports fall by 15.6% in Nov.
Saudi Arabia's overall merchandise exports declined by 15.6 per cent in November 2023 to 95 billion Saudi riyals,…
Saudi Aramco eyes Indian ventures
Saudi Aramco, the state oil behemoth, is currently negotiating investment opportunities with Indian firms, as…
Oil prices rise after OPEC+ keeps policy change off agenda
Oil prices rose slightly on Thursday after OPEC+ sources said that the producer group's meeting left production…
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
IEA raises its estimate of oil demand in ’24
The International Energy Agency (IEA) revised up its estimate of the growth in oil demand in 2024 on Thursday.
OPEC expects global oil demand at 1.8 mb/d in 2025
The global oil demand growth is expected to see a robust increase of 1.8 million barrels a day (mb/d) in 2025,…
