Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print

Latest Articles in OPEC Deal

Oil Prices Little Changed, On Track For Third Straight Weekly Gain

Prospects of an effective COVID-19 vaccine and hopes that OPEC and its allies will keep production in check have bolstered oil markets this week.

Read More

OPEC Cuts June Oil Exports By 1.84 Million Bpd - Kpler

Saudi exports accounted for almost half of the month-on-month drop, falling by 979,000 bpd.

Read More

Russia, Saudi To Debate Oil Output Cuts As US Resists Joining

Global fuel demand has plunged as much as 30% as lockdowns have grounded aircraft, reduced vehicle usage and curbed economic activity.

Read More

Iran Doesn't Agree With OPEC+ Meet Without Clear Outcome - Minister

Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to reduce the spread of the coronavirus have caused demand for jet fuel, gasoline and diesel to crash.

Read More

Saudi Arabia Wary Of Costly Slow Response As Virus Knocks Oil

Oil prices have fallen by more than $11 a barrel this year to $54, alarming producers, as the coronavirus, which has killed more than 1,000 in China, spreads.

Read More

Oil Rises Supported By U.S.-China Trade Optimism

OPEC-led supply cuts and the expectations of a U.S.-China trade deal boosted analysts' views on the prospects for the year, a Reuters poll showed.

Read More

Iran Says OPEC Unity Necessary For Cooperation With Non-OPEC Producers

OPEC members will meet later on Monday in Vienna followed by a meeting with non-OPEC states on July 2, where both sides are expected to extend the current output restrictions of 1.2 million barrels per day for another six to nine months.

Read More

IEA Sees Global Oil Glut Worsening, OPEC Deal Unlikely

The Paris-based IEA trimmed its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day (bpd) following a five-year high of 1.6 million in 2015

Read More