Wednesday, May 13, 2026
Today's Print

Tag: OPEC

Oil sustains rally, tops $52 a barrel

Oil headed for its longest run of gains this year as Libya’s biggest oil field was said to have suffered another outage while Russia...

Opec considers longer output cut

Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles. Five...

Oil prices continue fall, stay below $49

Oil held losses below $49 a barrel before US government data forecast to show record crude inventories expanded further. Futures were little changed in New...

Crude prices fall below $48 a barrel

Oil extended its decline below $50 a barrel as US drillers continued to boost activity, countering Oped’s efforts to drain a global glut. Futures in...

Oil prices top $54 in strong rally

Oil extended gains in its longest rally since the end of December on increasing confidence that Opec’s supply curbs will outweigh a gain in...

US shale drilling back after Opec cut

Shale wildcatters pushed ahead on the biggest surge in US oil drilling since 2012 as the explorers take advantage of prices above $50 for...

Saudis warm to solar as Opec producer aims to help exports

By Anthony DiPaola The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help...

Oil prices hold gains near $54 per barrel

Oil held gains near $54 a barrel after the International Energy Agency said Opec achieved a record 90 percent initial compliance with its output-cut...

Oil above $53 as Iraq keeps Opec cut pledge

Oil advanced to trade above $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with Opec...

Oil prices decline to to $52.37 per barrel

Oil posted the biggest weekly decline since November as traders await proof that Opec and other producers are following through on promises to cut...

Oil prices stop gain near $54 per barrel

Oil halted its advance below $54 a barrel as an increase in US drilling countered signs Opec members including Saudi Arabia are sticking to...

Crude prices top $54 a barrel

Oil advanced after the biggest annual gain since 2009 as output cuts by Kuwait signaled Opec and other producing nations started trimming production to...

Gas, diesel prices rise after Opec supply cut

PUMP prices went up by as much as P0.70 per liter this week as the oil industry ended the year on an optimistic note...

Oil makes biggest annual gain

Oil made the biggest annual gain since 2009 as Opec and other producing nations plan to start supply cuts next month to reduce swelling...
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