OPEC

A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee
Global Economy

Oil prices rally further on vaccine optimism despite inventory rise

It likely that OPEC+ will continue production cuts into 2021 after a meeting set to start on November 30 following technical talks this week

Picture: Reuters
Global Economy

Oil rises on hopes for delay in OPEC+ supply increase

A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture Photo: Reuters
Global Economy

OPEC+ weighs extending existing oil output cuts into 2021

Saudi Arabia's Crown Prince Mohammed bin Salman shakes hands with US President Donald Trump, at the G20 leaders summit in Osaka, Japan, June 29, 2019. Photo:Reuters
World+Biz

Once an American foe, now a friend: OPEC turns 60

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. Photo:Reuters
World+Biz

End game for oil? OPEC prepares for an age of dwindling demand

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 and allies to agree one-month extension to output cuts - OPEC delegate

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. Photo:Reuters
Global Economy

Oil gains as US inventories grow less than feared while virus slashes demand

FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018/ REUTERS
Analysis

Oil futures point to long and deep recession

FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US, June 9, 2016. REUTERS/Richard Carson/File Photo
Global Economy

Oil bounces back as rising stockpiles pointing to lower output

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

Oil in the age of coronavirus: A US shale bust like no other

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
Global Economy

Mexican president's nationalist oil vision fuels standoff with Saudis

FILE PHOTO: US President Donald Trump delivers a statement about his acquittal in his Senate impeachment trial during an event celebrating his acquittal in the East Room of the White House in Washington, US, February 6, 2020. REUTERS/Joshua Roberts/File Photo
Global Economy

Trump threatens tariffs on oil imports to 'protect' US energy workers

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
Global Economy

OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price