Showing 1 - 10 of 16
Oil prices fall after Opec+ postpones meeting
AFP, Published on 23/11/2023
» VIENNA - International oil prices fell Wednesday after a key ministerial meeting of the Organization of the Petroleum Exporting Countries (Opec) and its allies was pushed back from Sunday to Nov 30.
Saudi and Russian oil cuts extended to year-end
AFP, Published on 05/09/2023
» RIYADH - Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.
Chinese imports of Russian oil at post-invasion high
AFP, Published on 20/06/2023
» BEIJING: Chinese imports of Russian oil last month hit their highest level since Moscow's February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin.
Saudi Arabia slashes output further to boost oil price
AFP, Published on 05/06/2023
» VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.
OPEC+ backs another modest oil output hike despite surging prices
AFP, Published on 03/02/2022
» LONDON: Top oil-producing countries led by Saudi Arabia and Russia announced another modest increase in output on Wednesday despite soaring crude prices and geopolitical tensions rattling the markets.
OPEC+ meets under pressure from Biden and Omicron
AFP, Published on 30/11/2021
» LONDON: OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country's taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation.
Top oil producers agree on 'historic' cuts amid coronavirus crisis
AFP, Published on 13/04/2020
» VIENNA: Top oil-producing countries agreed Sunday on "historic" output cuts in a bid to boost plummeting oil prices due to the new coronavirus crisis and a Russia-Saudi price war.
Italy tests lockdown; global cases near 110,000: Virus update
Bloomberg and online reporters, Published on 09/03/2020
» Italy started its first working day after a government decree sought to curb movement within the country’s financial hub. Germany plans to boost investment to help its economy and the Trump administration is drafting measures to blunt the economic fallout from the outbreak.
Saudi-Russian breakup could collapse oil prices
News Agencies, Published on 07/03/2020
» An alliance between Saudi Arabia and Russia that has helped to prop up world oil prices for the past three years has collapsed, threatening to send the market into freefall.
Opec recommends 1.5m barrel output cut to allies
AFP, Published on 05/03/2020
» VIENNA: Ministers from the Opec cartel of oil-producing countries on Thursday recommended a drastic production cut of 1.5 million barrels per day to their allies to counter a slump in demand caused by the coronavirus outbreak.