Oil down on Monday
Oil prices extended last week's losses on Monday, with West Texas Intermediate (WTI) crude, a key US benchmark,…
Browsing Tag
OPEC
S. Arabia cuts oil prices to Asia
Saudi Arabia lowered May crude oil prices for Asian buyers to a four-month low after OPEC+ unexpectedly announced…
OPEC+ accelerates oil output hike, driving prices lower
OPEC+ unexpectedly announced a larger-than-planned oil production increase of 411,000 barrels per day in May,…
Oil up on Tuesday
Oil prices climbed for a fifth consecutive day on Tuesday as concerns over tightening global supply grew following…
IEA warns of oil surplus in ’25
The global oil market could see a surplus of around 600,000 barrels per day in 2025, according to the International…
Oil prices rise as weaker dollar offsets growth concerns
Oil prices rose on Wednesday, supported by a weaker US dollar, though gains were limited by fears of a US economic…
OPEC+ leaves ’25-26 oil forecast unchanged
OPEC+ forecasts global oil demand to remain unchanged at 1.4 million barrels per day (mb/d) for both 2025 and 2026,…
S. Arabia to reduce crude oil supply to China in Feb
Saudi Arabia's crude oil shipments to China are set to decline in February as higher prices and extended OPEC+…
S. Arabia raises oil prices for Asia
Saudi Arabia's Aramco, the world's top oil exporter, decided on Monday to increase oil prices for Asian buyers in…
BPCL diversifies oil sources amid reduced Russian supplies
India's state-run Bharat Petroleum Corp (BPCL) is turning to Middle Eastern crude to offset declining Russian oil…