OPEC

The logo of the Organization of the Petroleum Exporting Countries (OPEC) on a flag at the oil producer group's headquarters in Vienna, Austria, December 7, 2018. Photo:Reuters
Global Economy

OPEC+ debates biggest-ever oil cut, awaits US efforts

While US President Donald Trump pledged help for the industry at the meeting, he made no commitment to take the extraordinary step of persuading US companies to cut output

The logo of the Organization of the Petroleum Exporting Countries (OPEC) on a flag at the oil producer group's headquarters in Vienna, Austria, December 7, 2018. Photo:Reuters
Global Economy

OPEC raises stakes with Russia, seeks biggest oil cut since 2008 crisis

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) on a flag at the oil producer group's headquarters in Vienna, Austria, December 7, 2018. REUTERS/Leonhard Foeger/File Photo
Coronavirus chronicle

OPEC divided on how to combat coronavirus fallout

Photo: Reuters
Global Economy

Oil rise as OPEC, allies move closer to deeper output cuts

A woman walks past the logo of Opec at the joint Ministerial Monitoring Committee in Abu Dhabi, United Arab Emirates September 12, 2019/ Reuters
Analysis

Opec underestimates China virus

Journalists and police officers stand outside the Organisation of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria December 5, 2019. REUTERS/Leonhard Foeger/File Photo
World+Biz

Russia backs OPEC+ proposal to cut oil output: Lavrov

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo
Global Economy

OPEC+ may agree on need to deepen oil output cuts - sources

Oil hits three-month highs as strong US consumer spending underpins growth hopes
World+Biz

Oil hits three-month highs as strong US consumer spending underpins growth hopes

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives at the OPEC headquarters in Vienna, Austria December 6, 2019. Photo: Reuters
World+Biz

Joint Saudi, Kuwaiti oil field expected to produce 320,000 bpd by end-2020

The Philadelphia Energy Solutions oil refinery is seen at sunset in Philadelphia March 26, 2014. Picture taken March 26, 2014. Photo :Reuters
World+Biz

Oil rises, supported by trade deal, OPEC cuts

Saudi Arabia, UAE swayed Russia for OPEC+ cuts at Abu Dhabi F1 race
Global Economy

Saudi Arabia, UAE swayed Russia for OPEC+ cuts at Abu Dhabi F1 race

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, December 7, 2018. Reuters/Leonhard Foeger
Global Economy

OPEC considers deeper output cuts as global growth slows

The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria July 1, 2019/ Reuters
Global Economy

OPEC November oil output slips before Aramco IPO, policy meeting