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Tag: OPEC

Saudi Arabia cuts oil output to support future oil prices

SAUDI Arabia’s decision to cut oil output by one million barrels per day (bpd) for February and March this year … More

Oil, OPEC, Saudi Arabia

Oil exporting Mena countries to lose Dh991 billion in 2020: IMF

Oil-exporting countries in the Middle East and North Africa will lose $270 billion (Dh991 billion) in oil export receipts in … More

Financial, IMF, Middle East, Oil & Gas, OPEC

OPEC, allies agree to extend deep output cuts through July

The OPEC 13-member cartel and its allies, notably Russia, decided to extend by a month deep May and June cuts agreed in April to boost prices,

Brent, Covid19, Oil, OPEC, Production Cuts

Commentary: Low oil prices gives Asia the chance to steer Middle East geopolitics

In a buyers’ market, Asian countries can seize the moment to develop oil contracts that give the Iraqi industry a much-needed boost,

Asia, Business, Economy & Law, Energy, Iran, Iraq, Oil, OPEC, Policy, Saudi Arabia, US

US to remove Patriots, other military assets from Saudi Arabia

WSJ: four batteries of Patriot surface-to-air missiles sent to deter Iranians will be removed from Saudi oil facilities. The United … More

Coronavirus, Covid19, Diplomacy, Economy & Law, Energy, Iran, Middle East, Military, OPEC, Pandemic, Policy, Politics, Saudi Arabia, US, War

Oil prices fall as producers keep pumping crude

Oil prices declined on Monday after three days of gains as worries of a supply glut resurfaced on new data showing production levels were higher in April.

Business & Economy, Energy, Europe, Financial Markets, Oil, OPEC, US, West Asia

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