OPEC

Why oil price yet to ignite on Middle East escalation?

Benchmark oil contract, Brent North Sea crude, has rallied about five dollars this week after Iran's missile attack on Israel -- but remaining around $75 per barrel

No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC

OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change

Analysis / Red Sea oil tension may revive Russia-Saudi spat

The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis

OPEC cuts 2022, 2023 oil demand growth view as economy slows

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.

Trump accuses OPEC of driving up oil prices

US President Donald Trump accuses the Organization of Petroleum Exporting Countries of driving up oil prices, in a fresh swipe at the cartel's agreement to cap production.

Four oil producing nations agree to freeze output

Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze their oil output at January levels if other producers follow suit.

October 3, 2024
October 3, 2024

Why oil price yet to ignite on Middle East escalation?

Benchmark oil contract, Brent North Sea crude, has rallied about five dollars this week after Iran's missile attack on Israel -- but remaining around $75 per barrel

September 25, 2024
September 25, 2024

No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC

OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change

January 23, 2024
January 23, 2024

Red Sea oil tension may revive Russia-Saudi spat

The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis

October 13, 2022
October 13, 2022

OPEC cuts 2022, 2023 oil demand growth view as economy slows

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.

June 13, 2018
June 13, 2018

Trump accuses OPEC of driving up oil prices

US President Donald Trump accuses the Organization of Petroleum Exporting Countries of driving up oil prices, in a fresh swipe at the cartel's agreement to cap production.

February 16, 2016
February 16, 2016

Four oil producing nations agree to freeze output

Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze their oil output at January levels if other producers follow suit.