OPEC

Asia

OPEC+ agrees to up production with an eye towards summer rebound | Coronavirus pandemic News

Defying market expectations for the second time in less than a month, the group agreed to add more than two…

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Asia

Oil climbs as OPEC+ weighs hiking production or keeping cuts | OPEC News

US Secretary of Energy Jennifer Granholm called her Saudi counterpart Prince Abdulaziz bin Salman on the eve of the meeting…

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Asia

Is the world on the verge of a new commodities supercycle? | Business and Economy News

Rising commodity prices have bank analysts and strategists asking if resurgent demand for raw materials and insufficient supply will create…

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Africa

Lira surges after Turkey’s central bank hikes interest rates | Banks News

Turkey’s Monetary Policy Committee raised the one-week repo rate to 19 percent from 17 percent on Thursday. Turkey’s central bank…

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Europe

Eyeing US crude, India plans to buy less oil from Middle East | Business and Economy News

Indian state-run refiners including Indian Oil Corp, the country’s biggest crude processor, are planning to cut purchases from Saudi Arabia…

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Asia

Oil gains 5% as Saudi Arabia mulls extending its output cuts | Energy News

Riyadh is considering extending its voluntary oil cuts of one million barrels per day into April, Reuters news reports. Oil…

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Africa

OPEC+’s balancing act between crude optimism and pandemic risk | Business and Economy News

OPEC and its allies have a tough decision to make when they meet on Thursday: Remain cautious and keep supplies…

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Asia

Decades after the Gulf War, Iraq’s youth view oil as a curse | Oil and Gas News

Baghdad, Iraq — Like most of the young people who joined Iraq’s countrywide demonstrations in 2019, musician Sally Mars took…

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Europe

Oil prices mixed as Texas refineries reopen after deep freeze | Business and Economy News

As refineries in Texas reopen after last week’s freeze, concerns over OPEC+’s willingness to continue output cuts grow, with global…

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news

MBS: Saudi sovereign fund doubling assets in five years to $1.07T | Banks News

The five-year plan would see the fund creating 1.8 million direct and indirect jobs, said Prince Mohammed bin Salman. Saudi…

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Europe

Oil prices dip after surpassing $65 a barrel amid Texas cold snap | Environment News

Brent crude had gained for four straight sessions before Thursday, while West Texas Intermediate had risen for three, both reaching…

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Europe

US oil output dips by record 40% as cold wave freezes operations | Climate Change News

The Permian Basin, which is located in New Mexico and Texas, is the worst affected, with output down between 65…

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