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Inspire Middle East
What will prompt Gulf energy companies to merge post-pandemic?
Saudi Arabia ready to increase oil output
The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2 million barrels per day of spare capacity available.
OPEC and Russia agree to extend oil cut
OPEC and Russia have agreed to extend oil production cuts until the end of 2018. The move extends an existing deal between the oil producers to
Oil prices jump as biggest producers plan to extend output cuts
Oil stabilises, stocks rise on Macron confidence
Oil prices have been on a roller coaster ride from oversupply worries, strong opinion poll numbers for French centrist Macron boosted share prices.
OIl producers mull over extending output cut
OPEC and non-OPEC oil producers discuss production cut extension
Oil price falls to new 2017 low
Saudi Arabia's oil price target revealed
Saudi Arabia reportedly wants crude oil to rise to around $60 a barrel this year to encourage new investment but not boost US shale oil output.
OPEC producers really are pumping less, boosting crude prices
Oil prices jump on word that OPEC producers have achieved over 90 percent of the output cuts they had pledged.
Oil prices hit 18-month high on production cut hopes
Oil prices hit their highest in 18 months on hopes the deal between OPEC and non-OPEC members to cut production will reduce a glut of crude.
OPEC and Russia oil cut deals promise to address supply glut
Business Line considers the details of the agreements reached by oil producers from OPEC and other countries to cut output. Will it boost oil prices?
Russia signs oil development deals with Iran
Russia is moving forward with its plans to become a major investor in Iran through initial agreements covering various industries, particularly oil.
Oil demand set to rise says International Energy Agency
Oil prices spike on promises to pump less
Oil extends gains ahead of OPEC talks
Oil prices extended gains for a second session running on Friday – fuelled by optimism that non-OPEC producers will agree to reduce output following a cartel agreement to limit…
Oil hits high for the year
Brent goes through 54$, WTI 51$, oil hitting year highs
OPEC agrees first production cut in eight years
OPEC gets its act together in first co-ordinated action in ages and agrees production cut, but analysts say no oil price shock is on the cards.
Oil falls again, dragging down dollar
The oil price continues to fall on doubts OPEC will agree production cuts.
Oil prices surge up on output cut hopes
Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week.
Optimism rises over OPEC oil freeze deal, Russia pledges to join in
Scepticism mounts over OPEC production cut move
Oil producers in the OPEC cartel have agreed they need to cut production to address a supply glut and lift prices - but the devil is in the details.
Oil prices rise after OPEC announces first output cut since 2008
OPEC has agreed to cut its oil output for the first time since 2008.
Oil output freeze deal now seen more likely in November
Saudia Arabia has softened its stance on Iran pumping more oil, but an OPEC deal to freeze output remains elusive.
Monday blues as Deutsche Bank and energy sector pull down European stocks
OPEC and other oil producers tentatively inch towards a production freeze
In this edition of Business Line we look at the chances of OPEC and non-member producers, including Russia, reaching an agreement on limiting oil production.
Oil rises as Venezuela's Maduro says production freeze deal is 'close'
Oil prices jumped on Monday after Venezuela's President Nicolas Maduro said OPEC and non-OPEC countries are close to reaching a deal to stabilise markets.
Glut alert! Oil demand slowing, production still high
Oil prices were down again on Tuesday following pessimistic predictions about the growth in demand from the International Energy Agency.