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"OPEC"

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Business - Economy
6/3/2024 6:02:35 PM
Oil prices fell Monday as the OPEC+ group of major crude producers signaled they would start to unwind output cuts later this year.

Business - Economy
6/2/2024 5:36:46 PM
Saudi Arabia and allied oil producing countries on Sunday extended output cuts through next year, a move aimed at supporting slack prices that haven't risen even amid turmoil in the Middle East and the start of the summer travel season.

Business - Economy
6/2/2024 12:37:25 PM
Saudi Arabia and allied oil producing countries face a decision Sunday on whether to extend production cuts set to expire next month — a move that could push oil prices higher as the summer travel season increases demand for fuel and as the U.S. presidential election contest heats up.

Business - Markets & Companies
5/28/2024 7:57:17 PM
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.

Business - Energy
3/3/2024 9:26:35 PM
Several OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.

Business - Energy
3/3/2024 7:48:34 PM
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.

Business - Energy
3/3/2024 6:39:10 PM
Russia will cut oil production by almost half a million barrels per day in the second quarter of 2024, Deputy Prime Minister Alexander Novak said Sunday.

Business - Economy
1/24/2024 3:58:52 PM
Crude oil prices are expected to fluctuate in 2024 as geopolitical tensions and supply factors pull the market in different directions, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.

World - Region
1/17/2024 6:24:30 PM
Kuwait's new emir announced an era of "reform" as a government including the first foreign minister from outside the ruling family took the oath of office on Wednesday.

Business - Economy
12/20/2023 1:52:10 PM
The attack against ships in the Red Sea and speculation regarding potential interest rate cuts by the Federal Reserve pushed oil prices higher after reaching the lowest level in six months, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.

World - International
12/9/2023 9:57:45 AM
Spanish ecology transition minister Teresa Ribera lashed out Saturday at an OPEC bid to block any phase-out of fossil fuels at UN climate negotiations in Dubai, calling the move "disgusting".

World - Region
11/30/2023 11:08:55 PM
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday

Business - Energy
11/30/2023 8:03:34 PM
Saudi Arabia and Russia announced separately on Thursday that they will voluntarily cut their oil production.

Business - Economy
11/30/2023 2:08:17 PM
Uncertainty hovered over what major oil-producing nations -- collectively known as OPEC+ -- will decide on output policy as they headed into virtual meetings Thursday in a bid to halt a continuous slump in prices.

Business - Economy
11/29/2023 4:41:11 PM
The OPEC Fund for International Development (the OPEC Fund) is set to sign a host of agreements with international institutions to support climate action efforts in developing countries during the COP28 conference in the UAE.

Business - Economy
11/23/2023 11:21:42 AM
Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities were mixed after two US reports dented recent euphoria over the future of interest rates.

Business - Energy
11/22/2023 7:42:27 PM
Oil prices slumped Wednesday as traders took a delay to an OPEC+ summit meeting as a sign of possible discord, while European and US stocks rose on hopes of an end to the US Federal Reserve's interest rate-hiking cycle.

Business - Energy
11/15/2023 4:14:30 PM
Crude prices rallied this week after posting their steepest drop in over three months, rebounding on brighter consumption forecasts from OPEC and the International Energy Agency (IEA), according to a report by the Kuwaiti asset management company Kamco Invest on Wednesday.

Business - Economy
10/4/2023 5:00:50 PM
An OPEC+ panel recommended Wednesday that the oil cartel keep its current output reduction strategy unchanged after heavyweights Saudi Arabia and Russia vowed to maintain their cuts to prop up prices.

Business - Energy
9/5/2023 8:47:00 PM
Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.

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