Business Jun 5, 2023
Saudi Arabia goes alone at OPEC+ with million-barrel cut
Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud said he "will do whatever is necessary to bring stability to this market.”
Business Mar 6, 2023
Forget peak oil demand: A thirst for barrels puts $100 in view
With supply buffeted by Russia’s invasion of Ukraine, a slowdown in U.S. shale growth and lackluster investment in production, oil consumption is heading for a record year.
Business Oct 27, 2022
Russia crisis heralds turning point for global energy, IEA says
Demand for all fossil fuels is set to hit a plateau as governments seek to shield themselves from the crisis by diversifying toward clean energy, the Paris-based agency said.
Business | FOCUS Mar 12, 2022
A new world energy order is emerging from Putin’s war on Ukraine
Russian President Vladimir Putin’s invasion of Ukraine is forcing governments worldwide to digest the geopolitical consequences of war pursued by an energy superpower.
Business Mar 10, 2022
UAE says OPEC+ should boost oil output, setting up tension in the group
According to a person familiar with the situation, the UAE hadn’t consulted other OPEC+ members before its ambassador to Washington made his statement.
Business Feb 24, 2022
Brent oil jumps to $100 a barrel on Russia-Ukraine tensions
Brent oil surged past $100 a barrel for the first time since 2014 as Russia’s dramatic escalation of the Ukraine crisis sparked fears of a disruption to the region’s critical energy exports.
Business Dec 3, 2021
Surprise output hike by OPEC+ follows U.S.-Saudi diplomacy drive
The production boost comes even as the new COVID-19 variant threatens demand, after Washington and Riyadh reached a detente on oil prices.
Business Dec 2, 2021
OPEC+ faces output decision as omicron puts market in disarray
Despite the darkening outlook of the oil market, the panel forecast an oversupply of 1.9 million barrels a day in the first quarter, down from previous estimates.
Business / Economy Nov 4, 2021
OPEC+ heads for geopolitical showdown as Biden demands more oil
Bowing to U.S. pressure and opening the taps would keep Saudi Arabia’s closest ally onside, at the expense of the hard-won crude price recovery that has swelled the kingdom’s coffers.
World May 18, 2021
Averting climate crisis means no new oil or gas fields, IEA says
The world has a choice — stop developing new oil, gas and coal fields today or face a dangerous rise in global temperatures, the organization said.