Showing 1 - 10 of 167
OPEC+ hikes oil production quotas, issues warning
AFP, Published on 06/04/2026
» VIENNA - The OPEC+ oil cartel agreed on Sunday to again increase oil production quotas, while warning that repairing energy facilities, such as those damaged in the Middle East war, is "costly and takes a long time".
Kharg Island: Iran's vital oil hub in the crosshairs?
AFP, Published on 11/03/2026
» PARIS — Kharg Island, a scrubby stretch of land in the northern Gulf, handles almost all of Iran's crude exports and any attempt to seize it would mark a major escalation in the conflict, analysts say.
Trump claims oil firms have pledged $100bn for Venezuela
AFP, Published on 10/01/2026
» WASHINGTON - US President Donald Trump met with the heads of major oil companies on Friday after saying the world's biggest producers have pledged $100 billion to revive Venezuela's oil sector.
Best of frenemies: Saudi, UAE rivalry bursts into view
AFP, Published on 02/01/2026
» DOHA — For years, the United Arab Emirates (UAE) and Saudi Arabia projected geopolitical and economic power across the Gulf and beyond, seemingly in tandem.
Trump confirms call with Maduro, Caracas slams US maneuvers
AFP, Published on 01/12/2025
» CARACAS - US President Donald Trump confirmed Sunday he had recently spoken with Venezuelan leader Nicolas Maduro amid soaring tensions between the two countries, while Caracas slammed what it called US preparations for an attack.
Fight over fossil fuels drawdown looms at UN climate summit
AFP, Published on 14/11/2025
» BELEM, Brazil - Two years after nations agreed to transition away from fossil fuels, dozens are pushing to go even further at the COP30 climate summit, setting up a showdown with oil powers.
Key Opec+ members boost oil production
AFP, Published on 07/09/2025
» LONDON — Eight key members of the Organisation of the Petroleum Exporting Countries Plus (Opec+) alliance said Sunday they have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of crude sales.
OPEC+ announces sharp increase in July oil production
AFP, Published on 01/06/2025
» VIENNA - Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.
OPEC+ expected to open taps more despite price slump
AFP, Published on 26/05/2025
» LONDON - Despite oil trading low at $60, OPEC+ this week is expected to continue to further open the taps.
Waning influence of OPEC+ in spotlight as prices flag
AFP, Published on 20/12/2023
» LONDON - Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.