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OPEC

BUSINESS

Saudi Arabia extends oil production cut in bid to boost energy prices

Digital Desk -
Saudi Arabia has said it will extend its unilateral production cut of one million barrels of oil a day to the end of September...
WORLD NEWS

UAE state oil firm brings net zero climate target forward to 2045

Digital Desk -
A state-run oil giant in the United Arab Emirates has said it has moved up its target for achieving net zero emissions in its...
MARKETS

Opec+ makes big oil cut to boost prices

Digital Desk -
The Opec+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices. Energy ministers meeting at the Vienna headquarters of...
BUSINESS

Opec and allied nations extend cut in oil production by a month

Digital Desk -
Opec and allied nations have agreed to extend a production cut of nearly 10 million barrels of oil a day through to the end...
BUSINESS

Global deal to cut oil output in sight after Mexico signs up

Digital Desk -
Opec and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production. Even more...
BUSINESS

Opec strikes deal with Russia to cut crude oil production

Digital Desk -
The countries of the Opec oil-producing cartel and ally Russia have agreed to cut crude production by an extra 500,000 barrels a day. Russian energy...
BUSINESS

Saudi Arabia says another Opec cut possible in 2017

Digital Desk -
Saudi Arabia's energy minister has said that there is a chance of another production cut from Opec countries this year. Speaking at the World Economic...
BUSINESS

Oil production to be curbed after Opec agreement reached

Digital Desk -
Members of Opec have reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago,...
BUSINESS

Oil giants propose to freeze oil production’ if other oil producers join’

Digital Desk -
Russia has agreed with Opec members Saudi Arabia, Qatar and Venezuela to freeze oil production levels if other producers do the same. Energy minister Alexander...

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