Commentary / World Sep 5, 2021
Oil producers enjoy the calm before the 2022 storm
by Julian Lee
Oil producers may have to forgo future output increases, and perhaps even reimpose cuts, if they are to prevent stockpiles from rising again.
Business Jul 19, 2021
OPEC+ clinches deal to boost output as Gulf allies call truce
The deal is evidence of the strong bonds between members and shows "OPEC+ is here to stay,” Saudi Energy Minister Prince Abdulaziz bin Salman said.
Business | ANALYSIS Jul 6, 2021
OPEC disagreement lays bare growing UAE-Saudi economic rivalry
by Ghaida Ghantous and Marwa Rashad
As Saudi Arabia tries to wean its economy off oil, it is vying with the UAE for foreign capital and talent.
Commentary / World Jun 7, 2021
Clean energy: Oil and carbon at loggerheads
by David Howell
If the world is to get anywhere near its lower carbon goals, as set out in the Paris Agreement, then all future investment in oil and gas development must cease.
Commentary / World Nov 29, 2020
Overcoming the Gulf States' oil curse
by David Howell
Deep reform could evolve out of traditional forms of rule in Gulf States. But do the leaders of these nations have the vision and courage to guide the way through to a different future.
World Nov 25, 2020
Could OPEC's house of cards collapse?
by Julian Lee
The United Arab Emirates is privately questioning the benefits of participating in OPEC and may even be considering whether to leave.
Business Oct 19, 2020
OPEC+ faces growing pressure to change course as ministers meet
With oil stuck at around $40, and more supply coming online from Libya, the cartel is now under pressure to revise its plan to ease output cuts.
Business | FOCUS Sep 14, 2020
Once an American foe, now a friend: OPEC turns 60
by Alex Lawler
Shifts in global politics and a surge in America's oil production have transformed the group.
Business / Economy Apr 13, 2020
OPEC and Russia approve biggest-ever oil cut amid pandemic
by Katya Golubkova and Rania El Gamal
After four days of talks, the group known as OPEC Plus has agreed to reduce output by 9.7 million barrels per day for May and June.
Business Mar 7, 2020
OPEC talks with Russia have ended in dramatic failure, auguring the end of a diplomatic alliance between Riyadh and Moscow that has underpinned crude prices and changed the balance of power in the Middle East. Brent crude, the global benchmark, plunged the most in more ...
World Mar 5, 2020
OPEC agrees to large oil output cut amid virus outbreak if Russia joins, sources say
OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said. The oil demand outlook ...
World Jun 17, 2019
Libya leader Serraj will not sit down with rival Khalifa Hifter to end war on Tripoli
Libya's internationally recognized Prime Minister Fayez al-Serraj said on Sunday he was not prepared to sit down with eastern commander Khalifa Hifter to negotiate an end to the two-month offensive against Tripoli. His comments to Reuters suggest low prospects for a ceasefire soon in the ...