Oil price remains close to three-year highs as ongoing supply cuts reduce inventories
Oil prices were firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually drawn ...
Sunday, April 5, 2026
Tag: OPEC
Crude oil prices decline as increasing shale production forces profit-taking
Crude prices sank lower on Monday as increasing shale production and an apparent lull in Middle East tensions convinced traders ...
OPEC, allies’ ‘mission accomplished’ as oil glut almost over, demand unchanged- IEA
L-R: Fatih Birol, head International Energy Agency and Mohammad Barkindo, OPEC Secretary-General at CERAWeek in March 2018 The International Energy ...
OPEC expects increase in global demand, raises non-OPEC supply forecast
Crude oil demand will increase globally this year while non-OPEC supply is expected to rise more than expected over the ...
Who benefits from OPEC production cuts? The U.S.
The Saudi crown prince Muhammed bin Salman has been undertaking a weekslong U.S. charm offensive. One of the key themes ...
Trade war effect on oil prices to be minor- minister
Suhail Al Mazrouei, the United Arab Emirates energy minister said Tuesday that he is not concerned about the international trade ...
OPEC may extend oil production pact with Russia up to two decades
Organization of the Petroleum Exporting Countries, OPEC, is reportedly looking to extend oil production cooperation with Russia for up to ...
Iraq supports OPEC-led oil output reduction deal, Iraq’s Masum says
Fuad Masum, Iraqi President said at a meeting Monday with OPEC Secretary-General Mohammad Barkindo that the country supports OPEC's agreement to ...
OPEC sees US oil supply rise as share of global crude production drops to 32.8% in Feb
OPEC said Wednesday that US oil production is set to rise further this year as the organisation crude production decreased ...
OPEC suggests sustained alliance with Russia, non-producers for market stability
(L-R) Omar Farouk, Governor, Organisation of Petroleum Exporting Countries (OPEC); Mohammed Barkindo, Secretary General; Emmanuel Ibe Kachikwu, Nigeria's Minister of ...
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