Sunday, May 17, 2026
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Tag: OPEC

Oil market seen as surprise haven from political risk in 2017

With Donald Trump set to enter the White House in January and populists on the march across Europe, political risk will loom large in...

Crude extends winning streak

Oil extended the longest winning streak in more than four months before Opec and other producing nations start reducing output to stabilize the market. Futures...

Most important business stories of 2016

Once again it’s that time of the year when we look back and pick out the developments that had the greatest impact on the...

Oil surges on non-Opec deal

SINGAPORE"•Oil soared Monday following a landmark deal by Russia and other non-Opec producers to join the cartel in capping output, in a bid to...

Oil rises above $51 ahead of Opec talks

Crude oil rose a second day, breaching $51 a barrel in New York before a meeting between Opec and other major producers on output...

Russia joining Opec cut meeting

MOSCOW"•Russia on Tuesday said it will take part in a meeting of Opec and non-Opec members as oil prices wobbled on doubts over the...

Free wine endangered on Asian airlines after Opec agreement

By Angus Whitley Some of Asia’s marquee airlines that spoil passengers with free alcohol and in-flight entertainment may soon have to kick the habit. The on-board...

Opec deal may lead to surge in US shale

NEW YORK"•With this week’s deal to cut output, Opec is creating incentives for American shale producers to boost output just as the incoming Trump...

Opec’s declining clout

Oil-producing countries may have preserved their relevance as an economic cartel after deciding to reduce their annual output to avoid another price collapse. The agreement,...

Opec strikes deal; oil tops $50

SINGAPORE"•Oil prices resumed their rise Thursday and held above the $50 barrier following Opec’s decision to carry out its first output cut in eight...

Opec seeks to seal production cut

VIENNA, Austria"•Opec sought Wednesday to defy expectations and finalize a deal reducing its oil output for the first time in eight years, in an...

Opec split; Russia not attending crucial talks

Opec officials failed to bridge their differences on an agreement to cut production and revive oil prices, while Russia said it’s not planning to...

Pump price hike seen at P1.50/liter

OIL prices may go up by P1.20 to P1.50 per liter this week to reflect the movements in world oil prices, a source said...

Oil drops to 7-week low on Opec’s rising output

Oil dropped to the lowest in almost two months in New York on rising Opec output after a volatile week driven by uncertainty about...
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