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14:18 | 03/03/2020
The OPEC club of oil-producing countries meets Thursday (Mar 5) in Vienna as they weigh how to react to a sharp drop in global oil ...
09:40 | 13/02/2020
The OPEC oil cartel on Wednesday (Feb 12) lowered its forecast for growth in global oil demand this year by nearly a fifth due to ...
11:43 | 06/02/2020
Fears of an economic slowdown, fuelled by the novel coronavirus slashing output in China, has shone the spotlight on OPEC, whose oil is heavily bought ...
09:18 | 01/02/2020
Oil prices have fallen victim to economic worries sparked by a deadly virus spreading from China, the world's second-biggest economy and a huge consumer of ...
09:00 | 16/01/2020
While global oil supplies in 2019 were vulnerable, the fluctuations have not affected long-term petrol prices, yet business plans for some in the market in ...
08:49 | 14/01/2020
Iraqi officials fear economic "collapse" if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 ...
12:41 | 08/01/2020
The price of oil spiked Wednesday (Jan 8) after Iran launched revenge attacks on US forces in Iraq, making good on its pledge to hit ...
09:42 | 07/12/2019
The powerful OPEC group of oil producers and its allies reached a deal on Friday (Dec 6) to cut production by 500,000 barrels per day ...
15:37 | 03/12/2019
BSR decided to add Azeri crude oil to the list of strategic materials in 2020 and upcoming years.
10:13 | 07/11/2019
Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday (Nov 6), officials said, well short of expectations ...