Wednesday, December 31, 2025
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Tag: OPEC

Oxen replace farm tractors in diesel-starved Venezuela

By Margioni Bermúdez CARACAS, Venezuela"•“We have gone back about two centuries,” groans farmer Alfonso Morales who, for a lack of diesel in oil-rich Venezuela, must...

OPEC+ maintains plan for gradual production cuts from May

The 13 members of OPEC and 10 other oil-producing countries, including Russia, said Tuesday they would stick to an agreement for progressive production cuts...

Most markets rise in Asia on recovery optimism, worries remain

Most Asian markets extended gains Tuesday following another record on Wall Street though investors remain torn between vaccine-fuelled optimism over the economic outlook and...

OPEC+ set to boost oil output as demand and prices balloon

LONDON—Members of the OPEC group of oil producers and allies are expected to raise output in a meeting Thursday, in response to a rebound...

As oil prices rally, old OPEC tensions likely to rise again

LONDON—As members of the oil cartel OPEC and its allies meet this week to discuss adjusting output, analysts expect old tensions between oil producer...

As oil prices rally, old OPEC tensions set to rise

As members of the oil cartel OPEC and its allies meet this week to discuss adjusting output, analysts expect old tensions between oil producer...

US crude surges past $60 a barrel on supply worries

HONG KONG—US oil prices rallied past $60 a barrel on Monday for the first time in more than a year, fueled by concerns about...

OPEC+ meeting to set February production levels

Members of the OPEC group of oil producers and their partners will meet via videoconference Monday to decide production levels for February, which it...

OPEC, allies in 2-day meet to finalize new output cuts

Vienna, Austria—The OPEC oil producers’ club and its allies will hold a virtual meeting on Monday and Tuesday to finalize an expected extension to...

OPEC, allies agree to deep cuts in output through July

Vienna, Austria"•OPEC members, led by Saudi Arabia, and other key oil producers agreed Saturday to extend historic output cuts through July, as oil prices...

Oil rebounds, but gains capped by virus worries

Singapore - Oil prices rebounded Wednesday but gains were capped due to concerns about a collapse in demand due to the coronavirus pandemic and storage...

Oil prices extend falls on storage concerns

Singapore - Oil prices extended falls Tuesday a day after another massive rout, as concerns over storage capacity overshadow cuts by top producers aimed...

Oil falls on storage woes in virus-hit market

Singapore - US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing output...

Oil extends gains, but still under pressure from virus

Singapore - Oil extended gains Thursday after a massive rebound overnight, but prices remain under pressure as the coronavirus strangles demand and storage facilities...
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