Business
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Economy
4/22/2021 2:37:23 PM
The deal was signed by the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank (AfDB), the Green Climate Fund (GCF), and the Arab Bank
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World
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Region
4/1/2021 7:04:00 PM
US Energy Secretary Jennifer Granholm said on Twitter she had spoken to Saudi Energy Minister Prince Abdulaziz Bin Salman
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World
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Region
3/31/2021 3:27:40 PM
The market supply/demand balance has largely improved as result of output cuts implemented by the group known as OPEC+, according to state news agency KUNA
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Business
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Economy
3/30/2021 3:33:41 PM
Ships were moving through the Suez Canal again on Tuesday after tugs refloated the giant Ever Given container carrier causing a huge build-up of vessels around the waterway
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World
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Region
3/30/2021 2:01:18 PM
A Saudi oil source said on Tuesday OPEC+ had not taken any decision yet and discussions about policy had yet to start
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Business
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Economy
3/30/2021 1:27:05 PM
Oil prices fell as the Suez Canal opened up after days closed by a grounded supercarrier and focus turned to an OPEC+ meeting this week
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World
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Region
3/30/2021 11:51:44 AM
The OPEC cartel's largest producer is Saudi Arabia but the OPEC+ grouping also includes Russia, which produces even more crude oil
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World
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Region
3/3/2021 5:18:55 PM
The market had been widely expecting OPEC+ to ease production cuts, which have been the deepest ever, by around 0.5 million barrels per day (bpd) from April
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World
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International
2/28/2021 6:03:20 PM
This suggests that for now Biden is prepared to stick with the specific sanctions imposed by former President Donald Trump on the OPEC nation, despite the failure to force Maduro from power
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World
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Region
1/5/2021 12:09:08 PM
OPEC+ sources told Reuters that Russia and Kazakhstan had backed raising production while Iraq, Nigeria and the United Arab Emirates suggested holding output steady
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Business
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Economy
1/4/2021 12:33:35 PM
Seoul rallied 2.5 percent following strong export data, while Sydney put on more than one percent as there were signs a spike in new infections in the city was being brought under control
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World
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Region
1/4/2021 11:41:58 AM
After their last videoconference summit, held from November 30 to December 3, the OPEC+ members agreed to raise production levels by half a million barrels per day in January
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World
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Region
12/19/2020 10:24:43 PM
Saudi Oil Minister Prince Abdulaziz bin Salman said the OPEC+ cooperation charter had brought the group together, producing "good results"
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World
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Region
12/14/2020 2:33:08 PM
A priority of the new gov’t will be to boost state coffers badly hit by the coronavirus crisis and low oil prices, including by trying to end legislative deadlock over a bill that would allow Kuwait to tap int’l debt markets
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World
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Region
12/8/2020 11:24:49 AM
Kuwait's Emir Sheikh Nawaf al-Ahmad al-Sabah reappointed Sheikh Sabah al-Khalid al-Sabah as prime minister on Tuesday
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World
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International
12/3/2020 3:24:44 PM
The group of OPEC and allies had been widely expected to roll over existing oil cuts of 7.7 million barrels per day, or 8 percent of global supplies, at least until March 2021
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World
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Region
10/21/2020 2:16:21 PM
'Today we are looking to unify the budget so that the spending channel becomes one channel' between the two sides, said Ahmed Maiteeg
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World
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Region
10/19/2020 8:25:02 PM
Saudi Arabia said no-one should doubt OPEC's commitment to propping up volatile markets, as it held talks with the world's other leading oil exporter Russia
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World
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Region
10/17/2020 5:37:59 PM
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World
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Region
10/12/2020 7:32:20 PM
The new tax, announced in a royal decree by leader Sultan Haitham bin Tariq, begins after 180 days in April 2021, state television said
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