Tags OPEC+

Tag: OPEC+

Oil prices stay firm on fuel demand despite COVID-19 surge

Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing US fuel demand holding up well despite soaring...

Saudi king says Opec+ pact ‘essential’ for oil market stability

Saudi Arabia's King Salman said on Wednesday the Opec+ production agreement was 'essential' to oil market stability and stressed the need for producers to...

Oil gains over $1/bbl following Saudi price hike

Oil prices jumped over $1 a barrel on Monday following top exporter Saudi Arabia raising prices for its crude sold to Asia and the...

Oil price soars as OPEC+ decides to act if demand falls

Oil prices rose on Friday following the statement of OPEC+ that the producer group could revise its policy to increase output at short notice...

US snubs Opec+: announces coordinated release of oil with China, South Korea, Japan, India

The United States announced on Tuesday that it will in coordination with China, South Korea, Japan, India, and Britain, release millions of barrels of...

Saudi Aramco Q3 profits increase by whopping 18.6 billion

The net profit for the third quarter of the year more than doubled for the Saudi Arabian state oil producer Aramco. The oil producer said...

Global oil prices set to hit $100?

Oil prices could potentially touch $100 a barrel as OPEC+ seek to stabilize the global market. The Organization of the Petroleum Exporting Countries (OPEC) and...

Oil prices are on the rise and here’s why

Oil prices soared on Monday, rising over 2% with Brent crude touching $84.09 a barrel up by 2.1% or $1.70 a barrel. This is...

Crude spikes amidst global energy crisis; US oil hits 7-year high

Oil prices experienced a hike again on Monday, continuing multiweek gains owing to the energy crisis faced by major economies. As major producers show...

Oil prices drop amidst rise in US inventories

Oil prices plummeted on Thursday, spreading losses after an unexpected increase in inventories in the United States was reported. This shift comes about after...

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