Opec
Crude, sterling and equities advance on recovery optimism
The rollout of vaccines around the world has allowed leaders of key economies including the United States and Europe to wind back the containment measures that...
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One year on from historic sub-zero plunge, oil prices recover
Morgan Stanley is predicting that crude prices will rise to $70 a barrel in the third quarter, adding to normal seasonal demand.
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Angola is resisting Saudi OPEC pressure to comply fully with oil cuts - sources
Saudi Arabia has been pressing laggards such as Iraq, Kazakhstan, Nigeria and Angola to improve compliance with the cuts and compensate for May overproduction.
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COVID-19, the knockout punch for multilateralism?
Regional and international organisations from the European Union to the United Nations have not managed to muster a coordinated response to the pandemic, while even economic organisations like OPEC have failed to halt the slide on markets.
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Top oil producers agree 'historic' cuts due to coronavirus crisis
In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle.
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Algeria's public debt rises to 45% of GDP, economy 'delicate' - PM
Addressing lawmakers, Djerad blamed mismanagement and corruption during the past years for worsening financial problems in the OPEC-member nation, pledging to overcome the situation through reforms.
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Saudi energy minister - We want sustainable oil prices
Prince Abdulaziz bin Salman said it was too early to talk about whether the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, would continue with production curbs agreed under a deal that expires in March.
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Under pressure from Trump, Opec embraces Putin
Opec and Russia have become unlikely bedfellows, forging an 'Opec+' alliance to reduce global crude supply to counter soaring output from the United States and a weakening world economy.
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Opec set for oil cut extension if Iran endorses pact
Iran is the only major Opec nation yet to have spoken publicly about a need to extend production cuts.
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Russia, Saudi agree to extend OPEC production cut deal: Putin
The OPEC cartel and its oil-producer nation allies opted in December to trim daily crude output by 1.2 million barrels.
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Oil prices fall as market awaits G20, Opec meeting
The leaders of the G20 countries meet on Friday and Saturday in Osaka, Japan, but the most anticipated meeting is between Trump and Xi on Saturday.
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Oil surges after OPEC indicates it will maintain output cuts
Brent crude was up by 96 cents, or 1.3%, at $73.17 a barrel by 0227 GMT, having earlier touched $73.40, the highest since April 26.
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Oil producers meet to discuss output amid Iran tension
President Donald Trump said last month Saudi Arabia and other Opec members had agreed to his request to boost oil production in order to tamp down rising prices.
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Trump to sanction allies over Iran oil, risking friction
In seeking to reduce Iran's oil exports to zero, the Trump administration is targeting the country's top revenue maker in its latest no-holds-barred move to scale back the clerical regime's influence.
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Saudi minister says oil market headed for 'balance'
Saudi Arabia's energy minister said he did not "think we need to" when asked if the kingdom was prepared to make additional cuts to support the oil market.
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'Under siege', oil industry mulls raising returns and PR game
The global oil industry gathered on the sidelines of the World Economic Forum, holding a series of closed-door meetings.
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Oil prices jump, but oversupply worries persist
Oil prices fell to their lowest in more than a year on Thursday pulled down by worries about the global economy and a supply glut.
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OPEC, partners face stiff test to agree oil cut deal
Amid sharp differences over which way to go, the oil market continued under pressure.
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Qatar to quit Opec in 2019: energy minister
The organisation is dominated by oil-rich Saudi Arabia, which since June 2017 has led a bloc of countries in imposing a blockade on Qatar.
