OPEC tells IMF that oil price rally mainly due to geopolitics
By Alex Lawler LONDON – OPEC told the International Monetary Fund’s steering committee on Thursday that the surge in oil prices was largely due to …
OPEC
Saudi Arabia leads OPEC decision to drop IEA data as US ties fray
By Maha El Dahan, Dmitry Zhdannikov and Alex Lawler DUBAI – A decision driven by Saudi Arabia that OPEC+ should stop using oil data from …
OPEC tells EU not possible to replace potential Russian oil supply loss
LONDON – OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply …
OPEC+ says prolonged Ukraine conflict would be major blow to global economy
LONDON – OPEC+ has warned the global economy would see a major blow from a prolonged conflict in Ukraine, the oil producing group said in …
How much extra oil could OPEC+ pump to cool prices?
By Alex Lawler LONDON – Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw …
As oil prices soar, U.S. shale, OPEC in no rush to resume price war
By Liz Hampton – U.S. shale producers and OPEC, who not long ago were waging a price war, this week found themselves on similar sides …
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC Thomas Catenacci on March 9, 2022 President Joe Biden has shifted …
OPEC has no control over events roiling global oil markets -Sec Gen
By Marianna Parraga HOUSTON -OPEC has no control over the events that have led to the run up in global oil prices and there is …
OPEC+ deal seen on track despite Russia’s Ukraine invasion -sources
By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar MOSCOW/LONDON – A deal among OPEC+ oil producers including Russia is showing no cracks so far after …
Oil Prices Surge Again After OPEC Ignores Biden
Oil prices surged again Friday after foreign producers ignored the Biden administration’s repeated requests to boost output and resolve global shortages. U.S. crude oil surpassed …
Oil Prices Skyrocket To Seven-Year High After OPEC Announces Gradual Output Boost
The price of oil surged Monday after the Organization of the Petroleum Exporting Countries (OPEC) doubled down on its plans to increase oil output at …