OPEC+ to ease oil output cuts from next month OPEC+ has agreed to gradually ease its oil output cuts from May, after the new US administration called on Saudi Arabia to keep energy affordable ... Business • 02 Apr
Oil prices gain on expectations OPEC+ will keep lid on Oil prices rose today as investors bet OPEC and its allies would largely agree to extend their supply curbs into May, while strong growth in ... Business • 31 Mar
Oil falls as Suez opens, focus turns to OPEC output cut Oil prices slid today as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week that is likely to agree ... Business • 30 Mar
Oil steady near $70 on hopes of recovering demand Oil prices hovered near $70 a barrel today, supported by production cuts by major oil producers and optimism about a demand recovery in the second ... Business • 12 Mar
Oil prices hit highest level in just over a year Oil prices rose today to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key ... Business • 08 Feb
IEA trims 2021 global oil demand forecast The International Energy Agency trimmed its 2021 global oil demand forecast today as fresh coronavirus lockdowns cloud the outlook but said mass vaccination programmes should ... Business • 19 Jan
Oil hits new 11-month highs after US inventory fall Oil prices were steady today after hitting fresh 11-month highs on a fall in US stockpiles and in the wake of a pledge by Saudi ... Business • 07 Jan
Oil extends gains after surprise Saudi output cut Oil prices extended gains today, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as an industry ... Business • 06 Jan
Lockdowns depress demand for oil OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said, before meeting allies led by Russia ... Business • 04 Jan
Oil set for 20% drop in 2020 due to lockdowns impact Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but ... Business • 31 Dec 20
Oil up on hopes of demand recovery, lower US stocks Oil prices traded flat this evening, supported by a draw in US crude inventories and Britain's approval of a second coronavirus vaccine but pressured by ... Business • 30 Dec 20
OPEC says oil demand to plateau in late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said today. Business • 08 Oct 20
Gazprom Neft's second quarter profit slumps 80% Russia's Gazprom Neft, the oil business of state gas company Gazprom, said weak oil prices had driven a near 80% slump in second-quarter net profit ... Business • 21 Aug 20
Oil falls as US inventory rise revives glut worries Oil fell more than 2% towards $40 a barrel today after a report showed a rise in crude inventories in the US, reviving concerns about ... Business • 10 Jun 20
Oil prices rise on dip in US crude stockpiles, IEA data Oil prices rose today after a drop in US crude stocks and an IEA forecast for lower global stockpiles in the second half, but the ... Business • 14 May 20
Oil heads for steep weekly slide after Covid-19 turmoil Oil prices were broadly steady today but were headed for their third weekly loss as production shutdowns failed to keep pace with sliding demand due ... Business • 24 Apr 20
Oil hits lowest this century as virus hits demand Oil slumped to less than $16 a barrel today, hitting its lowest since 1999, with the market awash with excess supply as the economic fallout ... Business • 22 Apr 20
Oil falls 4% towards $28 on oversupply concerns Oil fell by over 4% towards $28 a barrel, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a ... Business • 15 Apr 20
Plans to cut oil output gather momentum Top oil nations pushed to finalise a deal on sweeping oil cuts at G20 talks to lift prices slammed by the coronavirus crisis with Russia ... Business • 10 Apr 20
Oil rises on hopes OPEC+ meeting will result in cuts Oil prices rose today on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the ... Business • 09 Apr 20
Oil rises as hopes build for global production cut Oil prices clawed their way into positive territory today as hopes that the world's biggest producers will agree to cut output outweighed analyst fears that ... Business • 07 Apr 20
OPEC+ set to agree to cut production if US joins effort Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the US joins ... Business • 07 Apr 20
Oil ends March with biggest monthly & quarterly losses Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were hammered during March on the ... Business • 01 Apr 20
Oil falls as sinking demand outweighs stimulus hopes Oil prices fell today, after three sessions of gains, as plunging demand due to restrictions on movement worldwide to contain the coronavirus overshadowed expectations that ... Business • 26 Mar 20
Oil jumps after three-day slump but virus still weighs Oil prices bounced nearly 7% today after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the ... Business • 19 Mar 20
