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Slick OPEC+ scheme boosts prices: Saudis cut, Russia, Kazakhstan raise

Oil prices climbed more than 4% on January 5 after OPEC+ reached an unusual production quotas agreement, with Saudi Arabia committing to cut the...

OPEC+ likely to extend oil cuts seeing slow fuel demand recovery from vaccines

Oil prices climbed to their highest in more than eight months on November 25 fuelled by continuing hopes that energy demand will recover once...

Too much supply, too little demand, OPEC+ wants production cuts

Fearing slow oil demand recovery, the Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, during a meeting on...

Oil price war

Crude prices plunged to record lows on 9 March as an oil price war between Saudi Arabia and Russia commenced after the latter refused...

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