US angered as Gibraltar frees Iranian tanker
Policy
An Iranian oil tanker held in Gibraltar since July 4 has been officially released by the authorities in the UK-run
All posts in Opec
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In Persian Gulf, it’s back to the future
Opinion
Is Robert Zemeckis a seer? The celebrated American director of the Back to the Future trilogy seems to have uncanny
Opec and Russia fail to set meeting to discuss output cut
Policy
Russia and Opec’s production cuts are due to expire this month with a 1.2 million barrels per day (bpd) production
Oil prices rise amid talk of Russia supply cut extension
Production
Oil prices rose above US$62 a barrel yesterday (Tuesday) as Opec and Russia looked closer to agreeing to withhold supplies,
Druzhba crisis helps Russia comply with Opec caps
Production
Russia’s average daily oil output last month fell below its agreed Opec+ limit for the first time because of the
Oil prices rise again under supply concerns
Production
Oil prices have risen today (Tuesday), with the global supply crisis outweighing the ongoing impact of the US-Chinese trade dispute, which
Iranians are sanction-busters, Trump warned
Policy
Donald Trump’s attempts to throttle Iran will fail because the Iranians have a “PhD in sanctions busting”, according to the
Saudi export rise to prop up US Iran sanctions
Production
Oil prices have hit a six-month peak as Opec apparently looks to raise output following Donald Trump’s decision not to
Goldman forecasts 11%-oil-price boost
Production
Investment banking giant Goldman Sachs has boosted its second-quarter Brent crude price forecast by 11.5 per cent from US$65 per
Saudis deny dollar-ditching rumour
Policy
Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources has denied claims that the kingdom was threatening to sell its
Novak promises Russian compliance with Opec+ cuts
Industry
Russian Energy Minister Alexander Novak says the country’s oil producers will be fully compliant with Opec-led supply cuts over the
Goldman increases oil price forecast
Policy
Goldman Sachs says demand for oil is rising faster than expected, putting Brent crude, the international benchmark for oil prices,
Russia oil output defies agreed cuts
Production
Russian oil output declined to 11.38 million barrels per day (bpd) last month, or by around 35,000 bpd from October
Russia dismisses permanent oil output cut
Production
Russia’s energy minister has said the world’s third largest oil exporter it is unlikely to make its oil alliance with
Oil prices rebound after further slump
Production
Oil prices rebounded today (Wednesday) as benchmark Brent crude futures rose to US$56.49 per barrel after dropping 5.6 per cent