Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from OPEC

House GOP’s energy bill hitting the floor amid market volatility - Roll Call

House Republicans are pitching a bill this this week as a way to reduce energy costs, but it’s unclear how quickly it might lower prices.

Roll Call

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Barchart

Crude Erases Early Gains as U.S. Delays Refilling SPR

May WTI crude oil (CLK23 ) on Thursday closed down -0.94 (-1.33%), and May RBOB gasoline (RBJ23 ) closed up +1.27 (+0.49%). Crude oil and gasoline prices Thursday fell back from 1-week highs and settled mixed. A recovery in the dollar Thursday sparked long liquidation in crude futures after the...

Barchart

From analysis to the latest developments in health,
read the most diverse news in one place.

Crude Prices Firm as the Dollar Falls

May WTI crude oil (CLK23 ) this morning is up +0.62 (+0.87%), and May RBOB gasoline (RBJ23 ) is up +4.90 (+1.91%). April Nymex natural gas (NGJ23 ) is up +0.030 (+1.38%). Crude oil and gasoline prices this morning rose to 1-week highs and are moderately higher. Dollar weakness is...

Barchart

Oil Falls More Than $2 on Banking Concerns, Likely Fed Rate Hike

Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential hike in US interest rates this week. Brent crude futures for May settlement fell $2.32,…

Asharq Al-Awsat

5 Top Energy Stocks to Buy Right Now

Despite the recent plunge in oil prices, the reopening of the Chinese economy and tight supplies appear beneficial for the energy market. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), PBF Energy (PBF), Unit Corp. (UNTC), and Epsilon Energy (EPSN) might be ideal buy-and-watch picks…

StockNews.com

Saudi Arabia, Russia Stress Commitment to OPEC+ Decision on Oil Output Cuts

Saudi Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Thursday with Russian Deputy Prime Minister Alexander Novak who is visiting the Kingdom, the Saudi Press Agency reported. They discussed global oil markets and the efforts of OPEC+ to promote market stability, SPA said. They also stressed their…

Asharq Al-Awsat

Read news from The Economist, FT, and more,
with one subscription

Chevron, Exxon Mobil Falter As Oil Prices Skid To 15-Month Lows

U.S. oil prices dropped Wednesday to their lowest levels since December 2021 and energy stocks responded.

Investors Business Daily

Stocks Flat, Biden Budget, Silvergate Collapse, NOPEC Bill, Oracle Earnings - Five Things To Know

Stock slip as Powell puts payroll in focus; Biden budget targets rich, companies, for big tax hikes; Silvergate goes dark as FTX collapse echoes; Senate looks to revive 'NOPEC' bill and Oracle earnings on deck as ai race accelerates.

The Street

A year after the Ukraine invasion, oil market much changed

HOUSTON: A year after Russia's invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to boost crude prices over the long term.

Bangkok Post

Saudi FM: Situation in Syria Not Tenable, We Are Open to Dialogue with Iran

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah denied on Tuesday divergence between Saudi Arabia and the United Arab Emirates, saying reports that have made such claims are “overdramatized” and “far from the truth.” Speaking to the press in London, he said: “All decisions in OPEC and OPEC+ are…

Asharq Al-Awsat

Energy Industry Needs 'Significant' Investment, OPEC Secretary Says

OPEC Secretary General Haitham Al Ghais said energy industry needs more investment to meet growing demand soon.

The Street

China’s Return, Price Ceiling Are Two Challenges to Global Energy Market Balance

Cornelia Meyer, macro-economist, energy expert and advisor to OPEC, said the reopening of China following the zero-Covid-19 policy and the price ceilings imposed on the purchase of energy products from Russia will pose challenges to the balance of the global energy market. She also expected the demand for gas to…

Asharq Al-Awsat

Saudi Oil Exports Rose to 7.4 Mln Bpd in December

Decisions by OPEC+ are not politicized and are based on market fundamentals, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed. Meanwhile, Saudi Arabia’s crude oil exports in December 2022 rose by 157,000…

Asharq Al-Awsat

Get all your
news in one place.

100’s of premium titles.
One news app.

Tribune News Service

McConnell-led Republican delegation to meet with UAE president

WASHINGTON — Senate Republican Leader Mitch McConnell will meet with Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, on Tuesday, according to people familiar with their plans.

Asharq Al-Awsat

IOGP Looks Forward to Working with OPEC to Ensure Global Energy Security

For three years now, energy security has been the most prevalent issue for the global economy. The world blames the high prices of oil and gas and accuses the sector of causing record-high inflation rates. Curbing high inflation requires increasing interest rates, which drags the global economy toward recession. Governments…

Asharq Al-Awsat

Saudi Energy Minister Says OPEC+ Deal Will Continue Until End of Year

Saudi Energy Minister Prince Abdulaziz bin Salman said the current OPEC+ deal on oil output would be locked in until the end of the year. In an interview published by Energy Aspects, the minister said the oil group can't increase output based solely on initial signals. OPEC+ agreed in October…

Asharq Al-Awsat

OPEC Raises 2023 Oil Demand Growth View

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China's relaxation of COVID-19 restrictions. Global oil demand will rise this year by 2.32 million barrels per day (bpd), or 2.3%, the Organization of the Petroleum Exporting Countries said on Tuesday…

Get all your
news in one place.

100’s of premium titles.
One news app.

Investors Business Daily

Oil Prices Slide As White House, OPEC Give Markets A Stir

Oil prices fell Tuesday as the White House prepared another Strategic Petroleum Reserve sale, and as OPEC hoisted its demand forecast.

Asharq Al-Awsat

UAE Energy Minister: Oil Market Is Balanced

There is no need for the OPEC+ group of oil-producing nations to meet earlier than scheduled, the United Arab Emirates energy minister said on Monday, following Russia's announcement last week that it would unilaterally cut output. "I do not see a requirement for a meeting. The market is balanced," Suhail…

Asharq Al-Awsat

OPEC Expects Demand to Reach Pre-pandemic Levels

OPEC Secretary General Haitham Al Ghais said on Sunday that the group expects oil demand to exceed pre-pandemic levels this year, reaching almost 102 million barrels a day. Demand is projected to further rise to 110 million barrels per day by 2025, he said. “OPEC remains committed to supporting oil…

AFP

Energy majors look for mega profits to roll on

Paris (AFP) - The world's top oil and gas companies amassed record profits in 2022 after Russia's invasion of Ukraine drove prices higher -- with more high earnings, and anger, likely coming their way this year.

Asharq Al-Awsat

OPEC Oil Output Falls as Iraqi Exports Decline

OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian output did not recover further while Gulf members maintained strong compliance with an OPEC+ deal on production cuts to support the market. The Organization of the Petroleum Exporting Countries (OPEC) pumped 28.87…

Al Jazeera

OPEC does not control price of oil, says cartel chief

OPEC president talks to Al Jazeera about output cuts, price volatility, and the war in Ukraine and its effect on prices.

Investors Business Daily

Dow Jones Reverses Lower Ahead Of Fed Meeting; Caterpillar, Exxon, Pfizer, McDonald's Fall On Earnings

The Dow Jones reversed lower Tuesday, as the Fed's two-day meeting kicks off today. Caterpillar, Exxon and Pfizer dropped on earnings.

1 … 33 34 35 36

People

Faisal bin Farhan bin Abdullah

127 stories

Abdulaziz bin Salman

90 stories

Mohammed bin Zayed Al Nahyan

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.