OPEC
- Business
OPEC+ producers agree to cut output by 2 Million barrels per day starting from November
Next meeting of OPEC and non-OPEC members scheduled for December 4 The Organization of Petroleum Exporting Countries (OPEC) and allies,…
Read More » - Business
Oil down over lingering recession fears, strong dollar
Expected EU sanctions on Russian oil are also weighing on prices Oil prices slightly declined on Monday over weak oil…
Read More » - Business
Commodity prices up as uncertainty around monetary policies disappears
Gold gains 0.3%, silver up 4.4% The demand for the dollar decreased as global monetary policies became less unpredictable, while…
Read More » - Business
Oil prices drop amid China COVID curbs, possible rate hikes
Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential…
Read More » - Business
Oil edges down as inflation expected to impact fuel demand
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest…
Read More » - Business
Commodity prices down on rising dollar demand
Dollar demand, rising due to US Fed minutes signaling continued hawkish policies, last week caused commodity prices to drop Commodity…
Read More » - Business
OPEC shows 78% annual increase in earnings in 2021
US Energy Information Administration says group’s net oil revenue will rise to $907 billion in 2022 before declining to $835…
Read More » - Business
Saudi Aramco profit surges 90% in second quarter amid energy price boom
Saudi oil giant Aramco reported a stunning 90% surge in second quarter net income and record half year results on…
Read More » - Business
OPEC revises down oil demand forecast for 2022
Global oil supply in July increased by around 1.7M barrels per day compared to previous month The Organization of the…
Read More » - Business
Oil extends losses from weak industrial data
Investors await Wednesday’s meeting of major oil producers of OPEC+ group Oil prices continued losses on Tuesday over weaker-than-expected industrial…
Read More »