Tag: opec
Oil prices fell by 1 per cent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further. China, the world’s second-largest oil user, reported ...
Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse trade disputes between the world’s biggest economies. OPEC-led supply cuts also tightened the markets. International ...
Oil prices rose by more than one per cent on Friday, shaking off earlier losses, after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to a ...
Even before taking over Qatar’s energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC. Kaabi was concerned OPEC membership could be ...
Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. The American ...
Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be “one-and-done” with U.S. rate hikes. While oil fell anew as producers bickered over the details of an ...
OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered ...
Oil prices rose more than two per cent on Tuesday, extending gains ahead of expected output cuts by producer cartel, OPEC, and a mandated reduction in Canadian supply. Brent crude oil LCOc1 rose $1.55 or ...
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week. The decision meant Doha could focus on cementing its position as the world’s top ...
Oil slipped to about 60 dollars a barrel on Wednesday, pressured by rising U.S. inventories and doubts over whether an OPEC-led output cut will be agreed next week. U.S. crude stockpiles rose last week, the ...
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