OPEC

Oil prices plunged to four-year lows on Wednesday, with Brent crude falling $4.02, or 6.40 per cent, to $58.80 a…

Newly imposed US tariffs—20 per cent on EU goods and 10 per cent on UK imports—will dampen revenue and profit…

Oil prices extended last week's losses on Monday, with West Texas Intermediate (WTI) crude, a key US benchmark,…

Saudi Arabia lowered May crude oil prices for Asian buyers to a four-month low after OPEC+ unexpectedly announced…

OPEC+ unexpectedly announced a larger-than-planned oil production increase of 411,000 barrels per day in May,…

Oil prices climbed for a fifth consecutive day on Tuesday as concerns over tightening global supply grew following…

The global oil market could see a surplus of around 600,000 barrels per day in 2025, according to the International…

Oil prices rose on Wednesday, supported by a weaker US dollar, though gains were limited by fears of a US economic…

OPEC+ forecasts global oil demand to remain unchanged at 1.4 million barrels per day (mb/d) for both 2025 and 2026,…

Saudi Arabia's crude oil shipments to China are set to decline in February as higher prices and extended OPEC+…

Saudi Arabia's Aramco, the world's top oil exporter, decided on Monday to increase oil prices for Asian buyers in…

India's state-run Bharat Petroleum Corp (BPCL) is turning to Middle Eastern crude to offset declining Russian oil…

Iraq, OPEC’s second-largest oil producer, aims to cut gas flaring to 20 per cent by the end of 2024, leveraging new…

The Organization of the Petroleum Exporting Countries (OPEC+) has maintained a solid global economic outlook, with…

Saudi Arabia has announced significant cuts to oil prices for Asian buyers, exceeding market expectations, as the…

A group of OPEC+ nations, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan,…

Oil prices stabilised after their biggest gain in over two weeks, as OPEC+ moved closer to delaying supply…

Asian stocks fell on Wednesday and currencies were unstable as traders tried to navigate the political turmoil in…

Oil prices declined on Thursday following an unexpected rise in US gasoline inventories, with Brent crude down 0.27…

Oil prices are low due to a market deficit, with concerns about potential sanctions on Iran's oil supply under US…

Oil prices rose slightly in early trade on Tuesday after a sharp drop in the previous session, as investors…

The Organisation of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in…

Oil prices edged lower on Tuesday as investor sentiment was dampened by concerns over China's latest economic…

State-owned Kuwait Petroleum Corp. unveiled plans to achieve net-zero emissions by 2050, significantly ahead of the…

Oil prices fell over 5 per cent as Israeli airstrikes on Iran over the weekend avoided key crude infrastructure,…

The world is entering an era of cheaper energy as a surge in electricity use reduces reliance on fossil fuels,…

OPEC+ has revised its global oil demand growth forecast for 2024 downward by 106,000 barrels per day (bpd) to 1.9…

Oil prices fell over 1 per cent on Tuesday as traders took profits following Monday's rally, driven by fears of…

Oil prices dropped on Monday following their sharpest weekly increase in over a year, as concerns about oversupply…

Oil prices surged over $1 on Wednesday due to escalating Middle East tensions following Iran's military strike on…

Oil declined after a two-day rise as traders evaluated signs of increased US crude stockpiles, Middle East…

Morgan Stanley on Monday lowered its Brent crude oil price forecasts for the coming quarters, citing signs of…

The OPEC+ alliance has decided to temporarily halt its planned increase in oil production for two months. The…

Asian stock markets struggled to maintain stability on Tuesday as investors awaited key economic data.

Oil prices fell as OPEC+ appeared set to increase output from October, despite growing economic concerns in China.

Asian markets started the week quietly as investors prepared for a data-heavy week.

The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…

Slower consumption in China led OPEC to lower global oil demand growth estimates this week.

Global oil demand rose by 870,000 barrels per day (kb/d) in the second quarter of 2024, according to the…

Oil prices declined after a five-day rally, with Brent falling below $82 a barrel and West Texas Intermediate (WTI)…