OPEC

  • Big Oil Earnings Battered By Virus

    ig Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier. Major oil and gas producers from Norway to the US saw profit plunge in the opening three months…

  • Kuwait Begins OPEC+ Cuts Ahead of Schedule

    uwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut. The fourth-biggest member of OPEC “felt responsibility to…

  • WTI, Brent Prices Curbed by Higher OPEC Supply

    Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. Brent…

  • Market madaresharghi

    OPEC Will Rebalance Nervous Oil Market

    The United States will continue its efforts to decrease Iran’s sales of crude oil, the Treasury Department said on Tuesday following the announcement of the unilateral US withdrawal from the nuclear deal it signed with…

  • OPEC Chief: Russia Will Not Flood the Oil Market

    Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its gains for 2018. Those worries…

  • Big Oil Firms Seen Dominating Energy Deals

    nalysts expect big energy companies to play a major role in deal-making during another solid year for oil and gas mergers and acquisitions. Oil majors and large independent drillers need to shore up their asset…

  • EU Lawmakers Reach Deal on Climate Targets

    madaresharghi European Union lawmakers and member states on Thursday agreed climate targets for 2030 in a move to meet the bloc’s obligations under the Paris Agreement, which seeks to avoid the worst effects of greenhouse…