Tag: OPEC

OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to ...

Oil prices dropped to their lowest since early January on Monday after the Wall Street Journal reported that Saudi Arabia ...

Last month's decrease in the fuel price helped ease inflation slightly in September. Data from Statistics SA shows that annual consumer ...

Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian ...

Russian Deputy Prime Minister Alexander Novak said on Monday that expectations of weaker global economic growth were behind a decision ...

The Secretary-General of the Organisation of Petroleum Exporting Countries OPEC, Mohammed Sanusi Barkindo has died in Nigeria's capital Abuja.

The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of ...

The price of oil continues to rise and has gained nearly 4% so far on Thursday morning to R117 per ...

Oil rose 1% on Wednesday, buoyed by expectations that the incoming US administration will deliver massive stimulus spending that will ...

Top oil producers resume debate on policy on Tuesday after talks stumbled over February supply levels, with Russia leading calls ...

Oil prices extended losses to a second day on Tuesday after OPEC and its allies left markets in limbo by ...

OPEC members have reached a consensus on extending the existing oil cuts by the OPEC+ group that amount to 7.7 ...

World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, ...

Oil prices were down 3% on Friday after U.S. President Donald Trump tested positive for COVID-19 and negotiators failed to ...

Oil prices fell more than 5% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and ...

Oil edged up to around $42 a barrel on Wednesday, supported by rising investor risk appetite and a report that ...

Nigeria did not fully comply with a pact by oil producers to rein in output to balance markets but will ...

The group of oil producers known as OPEC+, including Saudi Arabia and Russia, are likely to agree to cut production ...

OPEC member Algeria will reduce its crude oil output by 12,000 barrels a day to comply with a deal agreed ...

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least ...