Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

OPEC+ group as an effective mechanism will preserve long-term stability.

Saudi Arabia has so far been thwarted by Russia in its push to shore up oil markets against the coronavirus. But when they meet next week. the humbled kingdom may yet clinch victory.

Saudi Arabia wants to hold prices from falling. but Russia is still not agreeing.

Oil traders will remain hard to convince that producers are doing enough.

The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.

The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.

Oil prices are moving tangentially to news flows around the deluge of secondary cluster outbreaks.

Gulf economies will grow at a slower pace than estimated this year as the coronavirus hurts oil demand. trade and tourism. Standard Chartered PLC said.

Saudi Arabia supports the further oil production cut. but Russia is yet to announce its final position on the matter.

Every member in the OPEC+ group is a responsible and responsive oil producer.