François Bayrou’s government set to topple this week
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OPEC+ oil giants extend oil output cuts amid economic uncertainty
Russia is among the countries announcing cut extension, announcing an additional voluntary reduction of 471,000 barrels per day for the second quarter.
OPEC members meet in Vienna to help stabilise world oil prices
Members of the oil producers group OPEC have met in Vienna to discuss future production of energy but reject pressure to invest less in fossil fuels
Saudi Arabia cuts production to boost oil prices
Saudi Arabia, an OPEC heavyweight, decided on Sunday to make a further cut in production in the hope of boosting slumping oil prices, against an economic backdrop overshadowed by the war in Ukraine.
OPEC+: Riyadh to reduce oil output, others to extend previous cuts
In order to keep crude oil prices stable on the world market, the OPEC+ countries, including heavyweight Russia, have agreed to maintain previous production cuts through 2024, while Saudi Arabia cuts output by 1 million barrels per day.
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OPEC+ members meet in Vienna to discuss oil production strategy
The OPEC+ countries discuss their current production strategy in Vienna. New oil production cuts could result from the meeting as signs of discord between top crude oil producers Saudi Arabia and Russia set the tone of the talks.
OPEC cuts could boost oil prices in Moscow's favour
The cuts in oil output have immediately pushed prices higher and are expected to boost gas prices, adding to strains in many countries where high fuel prices are a heavy burden.
OPEC sticks to policy of reducing oil output
The Group often acts to change the supply and demand of oil, in order to control market prices and ensure high revenues for its members. But it says it's ready to meet at any time to “address market developments if necessary.”
Heads of Russia and UAE meet after OPEC+ cuts oil production
Russian President Vladimir Putin and the leader of the UAE Sheikh Mohammed bin Zayed Al Nahyan meet in St Petersburg days after OPEC+ cuts oil production.
Sanctions, summits and nuclear threats take centre stage in Europe
In our State of the Union show, we bring you the top stories driving the news in Brussels.
OPEC+ to cut oil production by 2m barrels a day to ‘boost prices’
OPEC+ alliance agreed to its largest reduction in oil production since the spring of 2020, in a move strongly criticised by Washington.
What will prompt Gulf energy companies to merge post-pandemic?
Worldwide lockdowns, shrinking demand and a supply glut have sent shockwaves through the oil & gas sector, plus oil-reliant economies in the Middle East.
OPEC, oil nations agree to unprecedented production deal to cut output
Oil-producing nations on Sunday finalised an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic.
Euroviews. Libya’s fragile economic gains thwarted by the unnecessary war ǀ View
When the internationally-recognized Government of National Accord (GNA) was formed in Libya in December 2015, it was facing an enormous amount of work to restore the country’s social fabric and rebuild its devastated economic structures.
Trump: Saudi king would not last 'two weeks' without US support
US President Trump said Saudi Arabia's King Salman would not last "two weeks" in power without US military backing.
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.
