OPEC

Saudi Arabia hosts GCC summit amid Qatar tensions
Middle East

Saudi Arabia hosts GCC summit amid Qatar tensions

RIYADH (Reuters) – The Gulf Cooperation Council’s (GCC) annual summit was set to open in Riyadh on Sunday, with regional…
Saudi energy minister meets US Iran envoy in Vienna ahead of OPEC
Middle East

Saudi energy minister meets US Iran envoy in Vienna ahead of OPEC

  VIENNA (Reuters) – Saudi Energy Minister Khalid al-Falih met with US special representative for Iran Brian Hook in Vienna…
Oil prices perk up on trade truce, possible OPEC decision
Business

Oil prices perk up on trade truce, possible OPEC decision

  A rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including…
If Iran can not export oil then no country will export oil from the Gulf: Iran president
Middle East

If Iran can not export oil then no country will export oil from the Gulf: Iran president

  GENEVA (Reuters) – America should know that if Iran can not export oil then no country will export oil…
Oil prices surge on output cut pledge, US-China deal
World

Oil prices surge on output cut pledge, US-China deal

Oil prices soared on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed…
Qatar to withdraw from OPEC as of Jan 2019: minister
Middle East

Qatar to withdraw from OPEC as of Jan 2019: minister

DOHA (Reuters) – Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad…
Oil falls, heading for biggest monthly slide since 2008
Business

Oil falls, heading for biggest monthly slide since 2008

  LONDON (Reuters) – Oil fell on Thursday, bringing losses for the month so far to 23 percent, marking its…
Saudi Arabia wants united front on oil output; Russia and Nigeria hold out
Business

Saudi Arabia wants united front on oil output; Russia and Nigeria hold out

  ABUJA/MOSCOW (Reuters) – Saudi Arabia will not cut oil output on its own to stabilize the market, Energy Minister…
Abu Dhabi summit: Oil production cuts may be necessary
Middle East

Abu Dhabi summit: Oil production cuts may be necessary

  ABU DHABI, United Arab Emirates (AP) — OPEC and allied oil-producing countries will likely need to cut crude supplies,…
Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh
Business

Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh

  DUBAI (Reuters) – Iranian oil output cannot be replaced by other oil producing countries if Tehran is hit by…
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