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

Biden affirms human rights commitment as he warms to Saudis

President Joe Biden says he’s not changed his views on human rights despite his administration offering praise of Saudi Arabia for getting OPEC+ to step up oil production

The Independent UK

Biden urges economic confidence despite inflation challenge

President Joe Biden touted the state of the U.S. economy following a better-than-expected May jobs report, even as he acknowledged its likely to be overshadowed by record-high inflation that’s causing pain for Americans.

Tribune News Service

Stock markets fall after US jobs report

Paris (AFP) - Stock markets mostly fell on Friday after US government data showed employers added jobs at a better-than-expected pace last month, raising the prospect that the Federal Reserve will continue its aggressive monetary tightening.

AFP

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

Oil Stocks: Crude Jumps Back Above $120 As Drilling Activity Flattens

Oil rig numbers have climbed, but producers remain reluctant to deliver more oil, focusing instead on oil stock investors.

Investors Business Daily

Saudi Arabia, the Balance Point between Moscow, Washington in OPEC Agreement

The White House praised a major Saudi role in controlling oil markets, through a greater increase in the production of the OPEC+ alliance during July and August than previously announced. “We welcome the important decision from OPEC+ today to increase supply in July and August based on new market conditions,”…

Asharq Al-Awsat

Stock markets rise ahead of US jobs data

Paris (AFP) - Asian and European stock markets rose on Friday as investors awaited a key US jobs report that could provide fresh clues about central bank action against inflation.

AFP

Oil Price Rises Even as OPEC Boosts Output More than Expected

Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate. In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market…

Asharq Al-Awsat

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

Asian shares rise, China trading closed for national holiday

Asian shares have risen amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China

The Independent UK

White House praises Saudi royals on Yemen truce before expected Biden trip

The White House took the rare step of recognizing the role played by Saudi Arabia's Crown Prince Mohammed bin Salman in extending a ceasefire in Yemen on Thursday ahead of what is expected to be a trip to Riyadh by President Joe Biden.

Reuters

ASX closes higher on miners and tech, Australian dollar jumps, Wall Street gains on tech

The Australian share market closes higher after a strong session for miners and tech, while the Australian dollar jumps.

ABC News

Oil price rises even as OPEC boosts output more than expected

New York (AFP) - Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate.

AFP

Oil price rises as OPEC boosts output more than expected

Paris (AFP) - Oil prices rose Thursday even as major crude producers agreed to boost output by more than the usual amount following an EU ban on Russian imports.

AFP

Pledge of more oil heightens odds of Saudi trip for Biden

The Biden administration is praising Saudi Arabia for its role in a promised boost in oil production and a cease-fire in Yemen

The Independent UK

Opec agrees to ramp up oil production, but fails to exclude Russia

Brent crude makes small rise to $116.94 as group sets extra output higher at 650,000 barrels a day

The Guardian - UK

Get all your
news in one place.

100’s of premium titles.
One news app.

AFP

OPEC+ agrees bigger output boost amid Russian isolation

Vienna (AFP) - Major oil producers led by Saudi Arabia and Russia agreed on Thursday to open the taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports.

Asharq Al-Awsat

OPEC+ Brings Forward Oil Output Rises

OPEC+, an alliance of the Organization of the Petroleum Exporting Countries and other producing nations, agreed on Thursday to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation. OPEC+ said it had agreed to boost output by 648,000 barrels per day (bpd)…

AFP

Oil price rises as OPEC backs higher output

Paris (AFP) - Oil prices rose Thursday even as major crude producers agreed to boost output by more than the usual amount following an EU ban on Russian imports.

Tribune News Service

Oil reverses losses as OPEC+ agrees on supply increase plan

Oil reversed losses to trade near $116 as OPEC+ ministers agreed to boost supply increases by around 50%, after prices dropped on reports U.S. President Joe Biden is likely to visit Saudi Arabia this month and that the kingdom is ready to pump more crude.

Get all your
news in one place.

100’s of premium titles.
One news app.

Tribune News Service

Oil rises as stockpiles fall, OPEC+ supply hike disappoints

Oil increased as US crude inventories dropped, exacerbating concerns about a tight market after traders expressed doubt that OPEC+ can deliver on its agreement to accelerate the pace of a supply hike.

Investors Business Daily

Stock Market Strengthens At Midday; ADP Jobs Report Misses Forecasts Badly

The S&P 500 reversed higher 0.7% while the Nasdaq composite was up a meaty 1.4%. The Dow Jones Industrial Average climbed 0.3%. Indexes were near session highs at midday.

AFP

OPEC backs bigger output boost amid Russian isolation

Vienna (AFP) - Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports.

Bangkok Post

Opec+ agrees on bigger oil-production hikes

Opec+ will increase the size of its oil-supply hikes by about 50%, bowing to months of pressure from major consumers including the United States to help ease the pain of high energy prices.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, June 2

Reuters

The Independent UK

US pump prices hit record as OPEC+ producers gather

The OPEC oil cartel and allied countries including major exporter Russia are weighing how much oil to send to the world economy as U.S. gas prices hit another record high

Benzinga

Biden Visit Might Push For Saudi Arabia And OPEC To Make Up For Russian Oil Loss

Saudi Arabia and other OPEC members may increase oil supply to compensate for a reduction in Russian output, which may relieve pressure on growing global inflation and pave the way for US President Joe Biden's historic visit to Riyadh,

1 … 55 56 57 58

People

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.