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July 15, 2022
JEDDAH, Saudi Arabia (AP) โ President Joe Biden met Friday with Saudi Crown Prince...
July 15, 2022
There will be no public announcements about an oil supply rise during or after U.S. President Joe Bidenโs visit to Saudi Arabia, according to sources with knowledge of the matter
July 13, 2022
WASHINGTON (AP) โ Joe Biden starts the first visit to the Middle East of his presidency...
July 6, 2022
06 Jul 2022 - Oil fell $8.93 or 8.2% to US$99.50 a barrel to the lowest since mid-May. Investors are expecting that a recession would lead to a slowdown in global demand over the persistent supply chain disruptions. Adding to the woes, are the supply outages and protests disrupting exports in Libya.
July 6, 2022
Barkindo died unexpectedly late Tuesday in his home country of Nigeria, just weeks before he was set to end his six-year tenure as head of OPEC.
July 6, 2022
He had not shown any sign of being ill, say sources.
July 4, 2022
British Prime Minister Boris Johnson said on Monday OPEC+ must produce more oil to try to tackle a growing cost-of-living crisis and bring down prices.
June 30, 2022
Oil prices may be heading for their first month of declines since November as fears intensify about the global economy swinging into a recession, in large part because of high oil prices.
June 30, 2022
NEW YORK (AP) โ The OPEC oil cartel and allied producing nations decided Thursday to...
June 30, 2022
OPEC+ enters a second and final day of meetings on Thursday with sources saying the group is unlikely to decide imminently to pump more barrels to the market beyond August.