Organisation: Organization of Petroleum Exporting Countries

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

business

It makes no sense to blame the 'Russian hackers' for everything

‘Russian hackers’ are blamed for everything, the latest being breaching Qatar’s news agency, sparking a row with the Saudis. This makes no sense, says Leonid Bershidsky.

business

Opec’s output cuts will in the end boost oil prices

business

Opec agrees oil output cut

business

Oil declines as world glut seen extending into 2017

business

Brexit just one reason markets facing June jitters

business

Push for deal on oil output moves to Iran

Catch-up with what you've missed so far today with our lunchtime briefing

Good afternoon. Here’s all the news you need to know this lunchtime.

Tue, 02 Feb, 2016

Oil rally falters on new concern over deteriorating industrial activity in China

Oil’s longest rally this year faltered on signs industrial activity in China is deteriorating, potentially hurting demand as the Organization of Petroleum Exporting Countries (Opec) pumps record amounts of crude.

Tue, 02 Feb, 2016

Oil rises ahead of Opec meeting

Oil rose yesterday, paring a monthly loss before the Organization of Petroleum Exporting Countries meets in Vienna this week.

Tue, 01 Dec, 2015

Organization of Petroleum Exporting Countries to hold at $40 crude as key meeting looms in Vienna

It will take more than $40 crude to make the Organization of Petroleum Exporting Countries (Opec) change its mind, analysts said before the group’s December 4 meeting in Vienna.

Wed, 25 Nov, 2015

Oil speculators most bullish on price in two months

Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months as Opec called for a return to $80 crude.

Tue, 22 Sep, 2015

Global glut hits oil price again

Oil traded near the lowest level in more than six years yesterday as an unexpected rise in US crude stockpiles exacerbated a global glut.

Fri, 21 Aug, 2015

Oil prices continue to decline on supply glut

Oil fell for a third day yesterday, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation a global glut that drove crude into a bear market will persist.

Tue, 06 Jan, 2015

Saudi king 'ready to tackle rising oil prices'

Saudi Arabia’s king is ready to help restore the soaring oil prices to more “appropriate” levels, UN chief Ban Ki-moon said today.

Sun, 15 Jun, 2008

Newspaper stands by story on Iranian oil sales

A DUBAI-BASED newspaper yesterday said it stands by a story in which it quoted Iran’s president as saying he might curtail oil sales if his nation is referred to the UN Security Council for possible sanctions over its nuclear programme.

Mon, 03 Oct, 2005

Opec and Ivan bring pressure on oil prices

Opec members have split on whether their output should be increased in a bid to boost global supply that might cause oil prices to drop.

Wed, 15 Sep, 2004

Oversupply of crude oil may lead to price cut

CRUDE oil may fall next week as rising production from OPEC helps replenish global inventories, according to a Bloomberg News survey of traders and analysts.

Mon, 13 Sep, 2004

Crude oil futures may fall on rising imports from OPEC

NEW YORK crude oil futures may fall this week as surging imports from the Organization of Petroleum Exporting Countries boost US inventories, according to a survey of traders and analysts.

Mon, 05 Jul, 2004

Saudis vow to counter oil shortages

Saudi Arabia has said it will act to counter any oil shortage on the world market, despite its support for production cuts through OPEC.

Fri, 02 Apr, 2004

Opec to maintain limits on oil output

OPEC, producer of a third of the world’s oil, agreed to maintain its production limits and meet again to consider cutbacks to prevent a drop in prices, the group’s secretary-general said.

Fri, 05 Dec, 2003

OPEC dismisses Iran oil ban

The Organization of Petroleum Exporting Countries has dismissed threats from Iran for an oil boycott.

Sat, 06 Apr, 2002

Opec resists pressure to boost oil prices

The major oil producing countries are expected to announce they will continue to produce crude oil at current levels.

Thu, 27 Sep, 2001