OPEC
Oil rally to continue in 2022 as demand outstrips supply, analysts say
Middle East
January 13, 2022
Oil rally to continue in 2022 as demand outstrips supply, analysts say
LONDON, Jan 12 (Reuters) – Oil prices that rallied 50% in 2021 will power further ahead this year, some analysts…
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
Middle East
July 26, 2021
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
CAIRO, July 26 (Reuters) – The six economies in the Gulf Cooperation Council (GCC) are set to rebound and grow…
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
Middle East
July 18, 2021
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
MOSCOW/DUBAI/LONDON, July 18 (Reuters) – OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which…
Saudi, UAE reach compromise to unlock more oil supply, says source
Middle East
July 14, 2021
Saudi, UAE reach compromise to unlock more oil supply, says source
DUBAI/LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an…
Oil nears three-year high after OPEC fireworks
Middle East
July 6, 2021
Oil nears three-year high after OPEC fireworks
LONDON, July 6 (Reuters) – Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields with…
Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices
Middle East
April 9, 2021
Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices
DUBAI (Reuters) – In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices.…
Power play – India wields oil ‘weapon’ to cut dependence on Saudi
Middle East
April 2, 2021
Power play – India wields oil ‘weapon’ to cut dependence on Saudi
NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the…
Exclusive: India readies Saudi oil import cut as stand-off escalates – sources
Middle East
March 17, 2021
Exclusive: India readies Saudi oil import cut as stand-off escalates – sources
NEW DELHI (Reuters) – Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter…
‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight
Middle East
March 6, 2021
‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight
LONDON (Reuters) – This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output…
OPEC cartel, allies face decision on increasing oil output
Middle East
March 4, 2021
OPEC cartel, allies face decision on increasing oil output
FRANKFURT, Germany (AP) — Members of oil producer cartel OPEC and allied countries are weighing an increase in production now…