Organisation: Opec+

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>In another sign of short-term cooling, key timespreads have softened in recent days. Premiums of gasoline over crude fell to the lowest in almost a month. Picture: Danny Lawson/PA</p>

economy

Oil declines on sentiment in Europe and cautious Chinese consumption

Meanwhile, potential risks such as reduced Russian flows through Ukraine or a surge in European gas demand could lead to a price increase

<p>Some market watchers had expected Opec+ to extend cuts through to the end of the year, and reaction to Sunday’s deal was mixed. </p>

economy

Oil price slides to $77.25 a barrel despite pledges of output cuts

<p>The price of Brent crude has fallen in the past week but lifted to $83.80 a barrel in the latest session. </p>

economy

Crude oil prices fall this week but wholesale gas increases

economy

Crude oil hovers at $80 a barrel as Opec+ prepares to meet

economy

Crude oil price rises to over $77 a barrel after Saudi output cut

economy

Saudis to cut crude oil output amid effort to halt fall in prices

Shares and crude oil spin as US debt deal faces first test by right-wing Congress

Shares in the US and Europe — including in Frankfurt, London, and Dublin — went into sharp reversal after the $31.4tn US debt deal looked like failing its first test

Tue, 30 May, 2023

European shares ease as oil stocks fall on demand concerns

Energy stocks had clocked their biggest one-day gain since November on Monday after Opec+ announced voluntary production cuts of 1.66m barrels per day from May until the end of 2023

Tue, 04 Apr, 2023

Global oil price gains on hopes for China loosening Covid controls

The price of crude oil steadied as gains on hopes for a loosening of China's strict Covid-19 controls were later offset by concerns that Opec+ would keep its output unchanged at its upcoming meeting. Brent crude rose 48 cents to $83. 67 (€80.

Tue, 29 Nov, 2022

Gas prices for delivery in December double in 10 weeks on supply fears

European wholesale gas prices traded close to record highs yesterday, according to futures markets, which suggests that traders still fear that Russia will turn off the gas to the European Union in the coming months.

Tue, 02 Aug, 2022

Crude oil hits $120 a barrel as EU considers banning Russian oil

War in Ukraine is the principal driver of a six-month period of sustained price increases

Mon, 30 May, 2022

Fall in European wholesale gas prices may ease pressure on Irish energy bills

Significant rise in gas flow from Russia, warmer weather, and increasing supply from renewables could drive prices down

Tue, 01 Feb, 2022

Oil rises as the market's fears over Omicron begin to ebb

Brent crude up to almost $70 a barrel as Opec+ continues to gradually boost output

Thu, 02 Dec, 2021

Oil price at three-year high means new pressures for household bills

Forecasts for higher oil costs will be closely watched around the world as central banks monitor rising inflation.

Mon, 27 Sep, 2021

OPEC in crisis and oil on rise after failed meeting

Several days of tense talks failed to resolve a bitter dispute between Saudi Arabia and the United Arab Emirates, said delegates

Mon, 05 Jul, 2021

Virus Outbreak India's Oxygen Crisis Photo Gallery

Oil price slumps as resurgent Covid in India puts global recovery in doubt

The price of crude oil fell sharply with the deteriorating Covid-19 situation in India exacerbating concerns around the near-term trajectory of the global demand recovery ahead of a key meeting of oil supply nations later this week.

Mon, 26 Apr, 2021

Oil prices see weekly decline as Covid surges in India and Japan

Loss caused by a steep rise in the number of infections in the world's third- and fourth-largest oil importers

Fri, 23 Apr, 2021

Oil up on trade tension easing

Oil prices rose more than $1 a barrel yesterday, after US President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later on this month.

Wed, 19 Jun, 2019

Opec holds off on oil output decision

Saudi Arabia’s energy minister Khalid al-Falih has recommended “gently” driving oil inventories down at a time of plentiful global supplies, saying that Opec would not make hasty decisions about output ahead of its June meeting.

Mon, 20 May, 2019