OPEC

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
Global Economy

OPEC+ raises 2022 oil demand growth forecast

OPEC+ expects global oil demand to grow by 5.95 million bpd in 2021 after a record drop of about 9 million bpd in 2020 because of the Covid-19 pandemic

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver/File Photo
Global Economy

Oil falls as US refiners shut down by damage from Hurricane Ida

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan receives Saudi Crown Prince Mohammed bin Salman at the Presidential Airport in Abu Dhabi, United Arab Emirates November 27, 2019. Photo :Reuters
Middle East

OPEC disagreement lays bare growing UAE-Saudi economic rivalry

From left to right: UAE Crown Prince Mohammed bin Zayed and Saudi Crown Prince Mohammed bin Salman.
Analysis

High-stakes oil diplomacy puts future of OPEC+ deal at risk

The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. Photo :Reuters
Global Economy

OPEC, Russia seen gaining more power with Shell Dutch ruling

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020/ Reuters
Global Economy

Oil prices dip after OPEC+ agree to ease output cuts

A view of the PES Refinery in Philadelphia, Pennsylvania, US, November 2, 2020. Picture taken November 2, 2020. REUTERS/Dane Rhys
Global Economy

Oil prices slip as focus switches from Suez Canal blockage to OPEC+ supply policy

A man paints the logo of oil refiner Bharat Petroleum Corp (BPCL) on a wall on the outskirts of Kochi, India, November 21, 2019. Reuters/Sivaram V
Global Economy

India readies Saudi oil import cut as stand-off escalates

Photo: Bloomberg/ Bartek Sadowski
Global Economy

Oil prices rebound as US House passes huge stimulus bill

A PetroChina worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China June 27, 2018.
Global Economy

OPEC, US oil firms expect subdued shale rebound even as crude prices rise

A view of the PES Refinery in Philadelphia, Pennsylvania, US, November 2, 2020. Picture taken November 2, 2020. REUTERS/Dane Rhys
Global Economy

Oil rises on fears of heightened tensions in Middle East

Photo: Bloomberg/ Bartek Sadowski
Global Economy

Oil climbs to 13-month highs, as supply cuts, demand optimism support

FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah
Global Economy

Saudi Arabia beats Russia in tight race for China oil supply, US imports soar