OPEC

After negotiators worked through the night, a new deal has been reached at COP28 which could signal the world's desire to move away from fossil fuels over the next few decades in an effort to address climate change.Representatives from…

French Energy Minister Agnès Pannier-Runacher said Saturday she was "stunned" after the oil cartel OPEC urged its members to thwart any deal targeting fossil fuels at the COP28 conference.…

Russian President Vladimir Putin on Wednesday had hastily arranged talks with Saudi Crown Prince Mohammed bin Salman on oil, Gaza and Ukraine, hours after visiting Saudi Arabia's Gulf neighbour, the United Arab…

Oil headed for its biggest monthly gain in more than a year on signs the market is tightening, with estimates that crude demand is running at a record clip just as OPEC+ cuts back production.West Texas Intermediate held above $80 a barrel…

NEW DELHI: State-run fuel retailersare delaying a price cut as oil prices harden towards $80/barrel as the narrative of the market getting tighter gains momentum amid demand outlook turning bullish to coincide with supply cuts from Saudi…

:Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world's biggest oil exporters Saudi Arabia and Russia and a weaker dollar. Brent crude futures rose 23…

Last Updated: July 11, 2023, 01:20 ISTUnited States of America (USA)The U.S. Labor Department reported last Friday the smallest monthly job gain in 2-1/2 years along with strong wage growth. (Photo: Reuters)Oil prices ease on US interest…

Amidst a struggling oil market, Saudi Arabia and Russia, the world's leading oil producers, have intensified their focus on achieving market stability while positioning themselves to spearhead initiatives that can provide much-needed…

SINGAPORE : Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and…

Last Updated: July 08, 2023, 01:27 ISTNew York, United States of America (USA)Oil analytics firm Vortexa said there are currently 10.5 million barrels of Saudi crude in floating storage off the Egyptian Red Sea port of Ain Sukhna, down by…