OPEC

Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices
Middle East

Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices

DUBAI (Reuters) – In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices.…
Power play – India wields oil ‘weapon’ to cut dependence on Saudi
Middle East

Power play – India wields oil ‘weapon’ to cut dependence on Saudi

NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the…
Exclusive: India readies Saudi oil import cut as stand-off escalates – sources
Middle East

Exclusive: India readies Saudi oil import cut as stand-off escalates – sources

NEW DELHI (Reuters) – Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter…
‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight
Middle East

‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight

LONDON (Reuters) – This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output…
OPEC cartel, allies face decision on increasing oil output
Middle East

OPEC cartel, allies face decision on increasing oil output

FRANKFURT, Germany (AP) — Members of oil producer cartel OPEC and allied countries are weighing an increase in production now…
Obituary: Yamani, the Saudi oil minister who brought the West to its knees
Middle East

Obituary: Yamani, the Saudi oil minister who brought the West to its knees

DUBAI (Reuters) – Saudi Arabia’s Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face…
Brent oil rises to highest since February after Saudi Arabia output cut
Middle East

Brent oil rises to highest since February after Saudi Arabia output cut

TOKYO (Reuters) – Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make…
OPEC, allies adjourn meeting over oil production levels
Middle East

OPEC, allies adjourn meeting over oil production levels

FRANKFURT, Germany (AP) — Members of the OPEC oil cartel and allied countries including Russia on Monday adjourned a meeting…
Kuwait names new oil and finance ministers as government faces liquidity crunch
Middle East

Kuwait names new oil and finance ministers as government faces liquidity crunch

KUWAIT (Reuters) – Kuwait’s emir on Monday approved a new cabinet that included new ministers of oil and finance for…
OPEC+ starts meetings to weigh further steps to support market
Middle East

OPEC+ starts meetings to weigh further steps to support market

LONDON (Reuters) – The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further…
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