Opec
Oil posts biggest weekly loss in a month ahead of Opec+ meeting
[NEW YORK] Oil prices fell more than 1 per cent lower on Friday (May 2) and recorded their biggest weekly losses since the end of March, as traders turned...
Oil edges up despite murky economic outlook, potential Opec+ supply hike
[SINGAPORE] Oil prices inched up in early trade on Monday but remained dogged by uncertainty over trade talks between the US and China clouding the outlook for global growth...
Oil falls 2% after sources say Opec+ to mull accelerating output
[HOUSTON] Oil prices slipped 2 per cent on Wednesday (Apr 23) as sources said Opec+ would consider accelerating its oil output increases in June, but losses were curbed following...
Opec cuts 2025 oil demand forecast over US tariffs
It expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from a previous forecast of 1.4 million bpd[RIYADH] Opec slightly lowered its forecast for...
Opec+ stuns oil market with policy shift to drive down price
[NEW YORK] For most of this decade, the Organization of the Petroleum Exporting Countries and its allies (Opec+) has been the world’s most stalwart defender of high oil prices....
Oil dives more than 6%, steepest fall in 3 years on tariffs, Opec+ supply boost
[HOUSTON] Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after Opec+ agreed to a surprise increase in output the day after US President Donald...
Opec+ agrees to make larger than expected supply hike in May
[RIYADH] Opec+ agreed to make a larger than expected oil supply hike in May, adding the equivalent of three monthly tranches from its previous plan to revive output.The group...
Opec+ considers delaying April supply restart, delegates say
ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) is considering pushing back a series of monthly supply increases due to begin in April despite calls from US President Donald...
