OPEC

Government hints at increased public spending: The government could look to increase its public spending with higher budgetary allocation...Read More

Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly ...Read More

The Organization of the Petroleum Exporting Countries (OPEC) predicts that global oil demand will register a historic high growth of seve...Read More

The benchmark Brent crude oil is at around $27 per barrel. The June contract on the Intercontinental Exchange (ICE) is trading at $26.89 ...Read More

Asian shares rose moderately on Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero.

Just days after the rout in the WTI crude prices in the US, Brent crude has slumped below the levels recorded after the 9/11 terrorist at...Read More

President Donald Trump said Monday the United States would take advantage of the historic drop in oil prices to replenish its national st...Read More

Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million barrels per day -- more than do...Read More

During a virtual summit held by G20 energy ministers on Friday top oil producers struggled to finalise production cuts, despite US Presid...Read More

A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 mill...Read More

Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said on Friday, after marathon...Read More

OPEC and other oil producers were set to debate on Thursday oil cuts as big as 20 million barrels per day (bpd), equivalent to about 20 p...Read More

Oil prices rebounded on Tuesday on fresh hopes an OPEC-led meeting this week will reach an agreement to reduce oversupply and shore up th...Read More