Recently, OPEC+ members have announced voluntary cuts to boost prices. (Representational) Vienna, Austria: Major producer Brazil…
Tag: OPEC
Joe Biden To ‘Re-Evaluate’ Saudi Arabia Ties After OPEC Snub: White House
Biden is to “re-evaluate” the US relationship with Riyadh, the White House said. Washington: President Joe…
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia’s production dropped by 9% in April, and the country, part of the OPEC+ group, produced…
Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization…
Macron Tells Biden That UAE, Saudi Can Barely Raise Oil Output
Saudi Arabia and the UAE have been perceived as the only two countries in the Organization…
OPEC Sees Global Oil Demand Growth Slowing In 2023 – Report
OPEC expects world demand growth of 2 million barrels per day or less in 2023 as…
G7 Calls On OPEC To Play Key Role To Ease Global Energy Supplies
Ministers from the G7 group stressed that they would not let the energy crisis derail efforts…
OPEC’s Share Of Indian Oil Imports Falls To Lowest In At Least 15 Years
India’s crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data…
Crude Prices Edge Lower, Though Supply Concerns Still Dominant
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark…