Business
Oil prices ease on surprise build in US crude stockpiles, Opec+ to consider output hike
Oil prices eased about 1 per cent to a two-week low on Thursday on a surprise build in US crude inventories last week and expectations…
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OPEC
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Oil prices drop as Opec+ weighs another output hike
Oil prices fell by more than 2 per cent on Wednesday ahead of a weekend meeting of Opec+ producers that is expected to consider another…
Business
Saudis raise crude prices to Asia after Opec+ adds barrels
Saudi Arabia raised crude prices for a second consecutive month, signalling confidence in demand for its barrels as Organization of the…
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Oil falls as Opec+ output hike adds to oversupply concerns
Oil prices fell to their lowest levels in a week on Monday after Opec+ agreed to another large output increase in September, adding to…
Business
Oil slips after Opec+ agrees to hike output in September
Oil prices slipped in early Asian trade on Monday after Opec+ agreed to another large production hike in September. Brent crude futures…
Business
Opec+ leaves traders with cliffhanger as stormy chapter ends
The Organization of the Petroleum Exporting Countries and its allies (Opec+) closed a two-year chapter in its oil strategy on Sunday (Aug…
Business
Opec+ makes another large oil output hike in market share push
Opec+ agreed on Sunday (Aug 3) to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated…
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Oil falls US$2 a barrel on worries about Opec+ supply, US jobs data
Oil prices US$2 a barrel on Friday (Aug 1) because of jitters about a possible increase in production by Opec and its allies, while a…
Business
Opec trims oil demand for next four years
The Organization of the Petroleum Exporting Countries (Opec) cut its global oil demand forecasts for the next four years on Thursday (Jul…
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Opec bars five leading news organisations from oil conference
Organization of the Petroleum Exporting Countries (Opec) has excluded five of the world’s leading news organisations from covering its…
Business
Asian Stocks Decline as Tariff Confusion Mounts and OPEC+ Raises Oil Output
Stocks in Asia fell on Monday. Japan's Nikkei slid 0.5%, Chinese blue chips dived 0.5%, and the MSCI Asia-Pacific index outside Japan lost…
Business
Oil slips 1% after Opec+ accelerates output hikes
Oil prices slipped 1 per cent at the start of trading on Monday after Opec+ accelerated output hikes and raised concerns about oversupply.…
Business
Oil tumbles as Opec+ hikes August output more than expected
Oil prices slipped more than 1 per cent on Monday after Opec+ surprised markets by hiking output more than expected in August, raising…
Business
OPEC+ further raises output in August
A view of the OPEC pavilion on the COP28 grounds. Hannes P Albert/dpa The core group of OPEC+ oil cartel members is increasing production…
Business
Opec+ considers adding more than 411,000 barrels on Saturday
Opec+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday (Jul 5),…
Business
Oil falls slightly ahead of expected Opec+ output increase
Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s Opec+ meeting and the…
Business
Oil Prices Fall as Tariff Uncertainty and OPEC+ Output Plans Shake Market
Oil prices fell on Thursday after rising 3% on Wednesday. Brent crude lost 45 cents, or 0.65%, to $68.66 a barrel, and U.S. West Texas…
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Oil prices ease on US tariff uncertainty ahead of expected Opec+ output boost
Oil prices fell slightly on Thursday as investors worried that US tariffs could slow energy demand ahead of an expected supply boost by…
Business
Oil settles up on signs of strong demand, investors await Opec+ decision
Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an Opec+…
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Oil steadies after report of planned Opec+ August output hike
Oil prices edged up slightly on Friday (Jun 27), recovering from a midday drop into negative territory following a report that Opec+ was…
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Oil demand growth to continue, no peak in sight, Opec Secretary General says
Oil demand growth will remain robust over the next two and a half decades as the world population grows, Opec Secretary General Haitham Al…
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Oil gains on supply concerns as wildfires disrupt Canada supply, Opec+ keeps output plans unchanged
Oil prices climbed nearly 3 per cent on Monday on supply concerns as producer group Opec+ decided not to accelerate plans to hike output…
Business
OPEC+ Maintains Oil Production Increase as Prices Soften and Market Awaits Demand Recovery
With international oil markets facing price pressure and economic instability, OPEC+ has remained committed to gradually restoring supply.…
Business
Oil finishes down on possible OPEC+ output hike
US crude futures fell on Friday (May 30) as traders expected Opec+ would decide on Saturday to boost oil output for July beyond previous…