OPEC

OPEC

Displaying 10 out of 150 results

  1. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration

    OPEC slashes oil demand forecast but sees cuts helping restore balance

    OPEC on Wednesday again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it ...
  2. FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refiner

    Saudi Aramco profit falls 25per cent but dividend in line with planned payout for year

    Saudi Arabian state oil giant Aramco on Tuesday reported a 25per cent fall in first-quarter net profit, missing analyst estimates, but its ...
  3. FILE PHOTO: FILE PHOTO: An oil pump jack pumps oil in a field near Calgary

    Oil prices slide again as world runs low on storage capacity amid plunge in demand

    Oil fell on Tuesday, adding to huge declines in the previous session, on worries about limited capacity to store crude worldwide and expectations ...
  4. Halliburton and Baker Hughes announced their would-be tie-up in November 2014 as oil prices were in

    Commentary: After years of being the golden boy, will US shale go bust?

    US oil companies have feasted on a decade-long diet of rampant liquidity thanks to very low short-term interest rates and quantitative easing, ...
  5. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub

    Oil prices extend rebound on output cuts, still set to end tumultuous week in the red

    Oil prices rose on Friday, gaining further ground as some producers like Kuwait said they would move to cut output swiftly to try to counter the ...
  6. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquart

    Whether OPEC+ formally agrees, deeper oil cuts now look inevitable

    Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the ...
  7. FILE PHOTO: A muddy run-off splashes beside an oil rig belonging to Zion Oil and Gas in Karkur, nor

    Oil hits lowest this century as coronavirus crisis hammers demand

    Oil slumped to less than US$16 a barrel on Wednesday, hitting its lowest since 1999, with the market awash with excess supply as the economic ...
  8. An oil pump jack pumps oil in a field near Calgary

    Oil drops further, US futures at lows not seen since 2001

    Crude oil futures fell on Sunday evening in CME Group trading, continuing last week's weakness on the back of sliding demand due to the COVID-19 ...
  9. An oil pump jack pumps oil in a field near Calgary

    Brent oil jumps nearly 3per cent after Trump lays out plan for easing coronavirus restrictions

    Oil prices rose on Friday with Brent gaining nearly 3per cent after President Donald Trump laid out guidelines on reviving a U.S. economy ravaged ...