Tag: OPEC+

Saudi Arabia and other OPEC+ oil producers have announced a surprise cut in oil output of around 1.16 million barrels per day, in a move that has started causing an ...

The outcome of the brief meeting, held via videoconference, suggested that Organization of the Petroleum Exporting Countries and its allies (OPEC+) will maintain oil production levels as the G7 and ...

The Organization of the Petroleum Exporting Countries (OPEC) has cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, ...

Oil prices fell more than US$1 on Thursday, September 8, 2022 to its lowest since Russia invaded Ukraine as expectations of more interest rate hikes spurred worries of a global ...

Oil prices recovered slightly by 1 percent on Wednesday, August 31, 2022 as data pointed to a strong U.S. fuel demand, providing respite after a 5% drop a day earlier ...

Oil prices rose marginally on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a ...

Mike Muller, Head of Vitol Asia has said an OPEC+ meeting set for December 2, 2021 is likely to tread cautiously considering the emergence of the new South African COVID-19 ...

OPEC and its allies are taking a ‘gradual phased approach’ to raise crude oil output after the pandemic lowered demand by some 25 per cent, Saudi Energy Minister Prince Abdulaziz ...

Ghana’s Gross International Reserves have picked up strongly this year resulting in the improvement of the country’s import cover. According to data from the Bank of Ghana, Gross International Reserves ...

Oil price has pulled back after hitting an all year high in the early hours of Monday as investors await the outcome of this week's talks between Iran and world ...