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Iranian President Ebrahim Raisi said that several Western governments are seeking to sow discord between OPEC member states, calling on the organization’s members to preserve cohesion and unity in order to foil the divisive schemes.
OilPrice.com: Is The U.S. Preparing To Punish OPEC? * U.S. consumers are showing significantly less concern about the U.S. energy situation than they did one year ago. * The U.S. House of Representatives may once again consider a piece of leg…
Oil prices dropped on Monday as jitters over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data were enough to outweigh support from new OPEC+ supply cuts taking effect this month
FILE PHOTO. Russian President Vladimir Putin meets with Saudi Arabia’s Crown Prince Mohammed bin Salman. © AFP / Sputnik / Alexey Nikolsky
RT: Putin and Saudi crown prince discuss OPEC+ deal – Kremlin The two sides expressed “satisfaction”…
The biggest threats to India’s economic growth would likely come from forces outside the country, Finance Minister Nirmala Sitharaman said, citing the risk of higher oil prices and the impacts from Russia’s war in Ukraine.The effect on fuel prices from the recent surprise OPEC+ oil-output cut and “the spillover of all the decisions which are related to the Russia-Ukraine war" are “the two main
The International Energy Agency (IEA) has warned that output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery.
Saudi oil giant Aramco will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, several sources with knowledge of the matter said on Monday.
Marketwatch: Here’s what is really behind OPEC+ oil-production cuts, say energy analysts An unexpected production cut announced on Sunday by OPEC+ oil producers complicates strained relations between the U.S. and Saudi Arabia, with investo…
The Biden administration told Saudi officials that it disagreed with OPEC’s surprise decision to cut oil production when it was given a ‘heads up’ on the move, John Kirby, coordinator for strategic communications at the US National Security Council, t…
Oil prices have surged after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts. The oil producers, who control roughly 50% of global oil supplies, reached a decision to reduce their output starting from May until the end…