FRANKFURT, Germany (AP) — Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November.
FRANKFURT, Germany (AP) — While acknowledging the inevitable advance of alternative energy sources and technology, OPEC said that oil would be the leading energy source for decades to come as crude prices reached three-year highs Tuesday.
FRANKFURT, Germany (AP) — The OPEC oil producers' cartel and allied non-member countries led by Russia signed off Wednesday on gradually increasing production as the global economy and demand for fuel continue to recover from the worst of the coronavirus pandemic.
DUBAI, United Arab Emirates (AP) — OPEC and allied nations agreed Sunday to raise the production limits imposed on five countries next year and boost their production by 2 million barrels per day by the end of this year, ending a dispute that roiled oil markets.
TOKYO (AP) — Asian shares were mixed in muted trading on Tuesday as oil prices surged higher after a meeting of oil producing nations was postponed.
Analysts said there was little else guiding markets with the U.S.
DUBAI, United Arab Emirates (AP) — Talks among members of the OPEC cartel and allied oil producing countries broke off Monday in the midst of a standoff with the United Arab Emirates over production levels.
DUBAI, United Arab Emirates (AP) — The United Arab Emirates on Sunday pushed back against a plan by the OPEC oil cartel and allied producing countries to extend the global pact to cut oil production beyond April 2022, a rare statement revealing the country’s frustration with the group.
FRANKFURT, Germany (AP) — The OPEC oil cartel and allied producing countries plan to restore 2.1 million barrels per day of crude production, balancing fears that COVID-19 outbreaks in some countries will sap demand against surging energy needs in recovering economies.
FRANKFURT, Germany (AP) — The OPEC oil producers' cartel was to push ahead with a new round of discussions Tuesday about how much to pump next year as countries wrestled over whether to extend the production cuts that have been supporting prices depressed by the pandemic.
VIENNA (AP) — Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply.
VIENNA (AP) — The Latest on the OPEC oil meeting (all times local):
OPEC's president says the oil cartel in conjunction with non-OPEC producers including Russia have agreed to cut oil production by 1...
DUBAI, United Arab Emirates (AP) — The tiny, energy-rich Arab nation of Qatar announced Monday it will withdraw from OPEC in January, a rebuke of the Saudi-dominated cartel as the kingdom's boycott of Doha continues unabated and a crucial meeting of the group looms this week...
Qatar is pulling out of OPEC: A.M. News Links
A summary of stories from across the nation and around the world. - 2018-12-03T09:17:06Z
VIENNA (AP) — The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices...
ABU DHABI, United Arab Emirates (AP) — The head of OPEC said on Thursday that he remains "confident" that the cartel and outside members will stick to an agreement to cut production to help boost oil prices.
As an expert on the oil and gas industry, economics professor Jim Peach has been getting a lot of questions on the announcement by OPEC that the oil producing countries will be cutting production of crude oil by a million barrels a day come January.
DALLAS (AP) — OPEC's decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual.
The cartel agreed Wednesday to cut output by 1.2 million barrels a day, reversing a strategy that produced lower oil prices and pain for U.S.
TEHRAN, Iran (AP) — Iran's national oil company said Monday that it has offered 50 oil and gas fields to international bidders, the first time it has done so since last year's landmark nuclear deal with world powers.