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WEB DESK
April 24, 2025

Oil steadies after 2pc drop on potential OPEC+ output increase

Further disagreement between OPEC+ members is a clear downside risk, as it could lead to oil prices war, the ING analysts said.

WEB DESK
September 8, 2024

Oil is headed for a steeper dive, and OPEC+ won’t be able to stop it

China, the engine of oil demand for the past two decades, is showing a diminished appetite for the commodity.

Latest

Reuters
September 6, 2024

OPEC+ agrees to delay October oil output hike for two months

Dispute between rival factions in OPEC that led to a loss of at least 700,000 bpd of production has supported oil in recent weeks.

Reuters
March 4, 2024

Oil nudges higher after OPEC+ extends output cuts

In some of the strongest comments by a senior US leader, US Vice President Kamala Harris on Sunday demanded Palestinian militant group Hamas agree to an immediate six-week ceasefire while forcefully urging Israel to do more to boost aid deliveries into Gaza.

WEB DESK
February 25, 2024

Qatar plans new gas output boost amid global price collapse

QatarEnergy chief Saad al-Kaabi announced on Sunday a new expansion of its liquefied natural gas production that will add a further 16 million tonnes per annum (mtpa) to existing expansion plans, bringing total capacity to 142 mtpa.