Saudi, Russian oil cuts to cause big supply shortfall — IEA
PARIS France—Oil cuts by OPEC+ allies Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end ...
Read moreTag: oil production
OPEC+ weighs fresh production cuts to prop up prices
VIENNA, Austria—There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further ...
Read moreMajor oil powers to cut production by over 1m barrels
RIYADH, Saudi Arabia—Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels ...
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Nido expects Cadlao oilfield to resume production in 2024
Nido Petroleum Philippines Pty. Ltd. is looking at oil production of 20,000 to 25,000 barrels a day from the Cadlao ...
Read moreSaudi denies OPEC+ plan to raise oil output
RIYADH, Saudi Arabia—Saudi Arabia on Monday denied a report that oil producers were discussing a production increase for their next ...
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What do we do then?
"The pandemic has scarred us deeply. The Russian invasion of Ukraine is frightening, whether now or in the immediate future. ...
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Top Democrat urges US block on weapons sales to Riyadh
A powerful US senator called Monday for Washington to freeze all cooperation with Saudi Arabia over its decision to "underwrite" ...
Read moreOil prices climb as OPEC, allies announce major cut in production
New York, United States—Oil prices climbed Wednesday as OPEC and its Russia-led allies announced a major cut in output, while ...
Read moreOPEC+ to meet amid economic downturn fears
VIENNA, Austria—Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a ...
Read moreOPEC+ has ‘means’ to deal with oil volatility — Saudi Arabia
RIYADH, Saudi Arabia—OPEC leader Saudi Arabia’s energy minister said Monday that the oil cartel and its allies have the means ...
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