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Sunday, October 6, 2024
Offshore

Iran’s Oil Minister Inspects Export Terminal Amid Fears Of Israeli Strike

DUBAI, Oct 6 (Reuters) – Iran’s oil minister landed on Kharg Island, home to the country’s main export terminal, and held talks with a

October 6, 2024
Total Views: 1480

Friday, August 30, 2024
Shipping

Tankers: OPEC+ Likely to Proceed with Output Hike from October, Sources Say

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Aug 30 (Reuters) – OPEC+ is set to proceed with a planned oil output hike

August 30, 2024
Total Views: 469

Saturday, August 3, 2024
Energy

Oil Settles At 8-Month Low After Disappointing US Job Numbers

By Georgina McCartney HOUSTON Aug 2 (Reuters) – Oil prices fell on Friday, settling at their lowest since January after data showed the

August 3, 2024
Total Views: 966

Monday, June 3, 2024
Shipping

OPEC+ Extends Deep Oil Production Cuts into 2025

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI, June 2 (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output

June 3, 2024
Total Views: 550

Thursday, May 30, 2024
Shipping

OPEC+ Working on Complex Deal to Extend Production Cuts into 2025, Sources Say

By Dmitry Zhdannikov, Alex Lawler and Maha El Dahan LONDON, May 30 (Reuters) – OPEC+ is working on a complex deal to be agreed at its meeting

May 30, 2024
Total Views: 489

Monday, March 4, 2024
News

OPEC+ Extends Oil Cuts, With Russia Bolstering its Effort

(Bloomberg) — OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.  The curbs —

March 4, 2024
Total Views: 788

Sunday, March 3, 2024
Shipping

Some OPEC+ Members Agree To Extend Oil Output Cuts

By Maha El Dahan and Alex Lawler DUBAI, March 3 (Reuters) – Some OPEC+ members agreed on Sunday to extend voluntary oil output cuts into the second

March 3, 2024
Total Views: 716

Tuesday, February 27, 2024
Shipping

OPEC+ to Consider Extending Voluntary Output Cuts, Sources Say

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar LONDON/MOSCOW, Feb 27 (Reuters) – OPEC+ will consider extending voluntary oil output cuts into the

February 27, 2024
Total Views: 577

Thursday, December 21, 2023
Energy

Angola Leaves OPEC, in Blow to Producer Group

LUANDA/LONDON, Dec 21 (Reuters) – Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has

December 21, 2023
Total Views: 1462

Sunday, December 3, 2023
Shipping

India Resumes Imports Of Venezuelan Oil

By Nidhi Verma, Marianna Parraga and Florence Tan NEW DELHI/HOUSTON/SINGAPORE(Reuters) – Indian refiners have resumed Venezuelan oil purchases through

December 3, 2023
Total Views: 2199

Offshore Brazil Petrobras P-66 oil rig
Shipping

Brazil Never To Be Full Member Of OPEC+, Only Observer

By Jake Spring Dec 3 (Reuters) – Brazil will never join the OPEC+ group of oil-producing nations as a full member and instead only seeks to

December 3, 2023
Total Views: 1375

Thursday, November 30, 2023
Shipping

OPEC+ Agrees to Deeper Supply Cuts

By Grant Smith, Salma El Wardany and Fiona MacDonald 1(Bloomberg) — OPEC+ agreed to make 1 million barrels a day of additional oil-supply cuts to go

November 30, 2023
Total Views: 1030

Wednesday, November 29, 2023
Shipping

OPEC+ Talks Continue with Prospect for Deeper Oil Cuts Unclear

By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/LONDON, Nov 29 (Reuters) – OPEC+ is continuing to hold talks on

November 29, 2023
Total Views: 635

Tuesday, September 26, 2023
Shipping

Mideast-Asia Tanker Rates Rebound, Capped by OPEC+ Supply Cuts

SINGAPORE, Sept 26 (Reuters) – The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low

September 26, 2023
Total Views: 391

Monday, June 5, 2023
Shipping

Saudi Pledges Big Oil Cuts in July as OPEC+ Extends Deal into 2024

By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA, June 4 (Reuters) – Saudi Arabia will make a deep cut to its output in July on top of a

June 5, 2023
Total Views: 1032

Friday, October 28, 2022
oil tanker photo
Offshore

OPEC Expects Oil Demand Will Rise Until 2035

By Alex Lawler (Reuters) – OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict,

October 28, 2022
Total Views: 1471

Thursday, May 12, 2022
Shipping

 Europe’s Snub of Russian Oil Opens Door for OPEC’s Minor Players

(Bloomberg) — The OPEC nations that have stepped up to replace Russian oil flows to Europe aren’t the giants of the Middle East. Instead, some of the

May 12, 2022
Total Views: 2455

Sunday, January 16, 2022
Environment

Kuwait, One Of The World’s Wealthiest Oil Exporters, Is Becoming Unlivable

By Fiona MacDonald (Bloomberg) –Trying to catch a bus at the Maliya station in Kuwait City can be unbearable in the summer. About two-thirds of the

January 16, 2022
Total Views: 49835

Sunday, July 18, 2021
Offshore

OPEC+ Agrees To Oil Supply Boost

By Rania El Gamal (Reuters) OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the

July 18, 2021
Total Views: 1315

Tuesday, November 3, 2020
OPEC Boosts Output Despite COVID Sending Oil Crashing
Shipping News

OPEC Boosts Output Despite COVID Sending Oil Crashing

By Grant Smith and Julian Lee (Bloomberg) OPEC’s effort to shore up world oil markets during the pandemic is facing a new threat — from the group’s

November 3, 2020
Total Views: 58
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