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OPEC News, Politics & Analysis
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OPEC+ modest oil hike exposes West hypocrisy while Russia supply fears...
Singapore — Oil prices inched higher on Tuesday after OPEC+ approved a modest production increase, a carefully calibrated move that signaled the group’s intent...
Bloomberg: Russian oil has finally overcome the G7 price ceiling
Moscow, Russia (TEH) - In a surprising turn of events, Russian oil has defied Western sanctions and embargoes, with revenues rising to an eight-month...
Oil continues gains after OPEC+ decisions to deepen production cuts
And Saudi Arabia announced the availability of an additional temporary voluntary reduction of one million barrels per day, starting next July 1, for...
OPEC +… strong messages to balance the oil market
Responding to the moves, oil prices rose around 3% in early Monday morning trading, before paring their gains to more than 2%, with...
Reuters: OPEC+ in talks to discuss quotas and production cuts
According to Reuters, the sources said the bloc known as OPEC+, which includes the countries of the Organization of the Petroleum Exporting Countries...
Reuters: OPEC+ is working on a new deal that includes baselines...
The sources said the UAE would get a new, higher baseline if a deal is struck. Baselines are oil production levels against which...
Reuters: Possible agreement on further production cuts at OPEC+ meeting
OPEC+ pumps around 40% of global production, which means its decisions have a significant impact on oil prices. Three OPEC+ sources told Reuters...
“OPEC” .. a safety valve for the stability of oil markets
OPEC has always been concerned with a permanent and constructive dialogue between itself and all international partners and agencies to guarantee the interest...
Putin: energy prices close to ‘economically justified’ levels
Addressing the Russian-led Eurasian Economic Union conference in Moscow, Putin also raised the issue of energy shortages in Europe."Now energy prices are approaching economically...
Market assessment of Saudi energy minister’s statements sends oil prices skyrocketing
Market participants had speculated that the Saudi energy minister's remarks about speculators could be a sign that the OPEC+ alliance could discuss further production...
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Is a 2-inch nose long? Anthropometry explained
Thomas Wadhouse — also known as Thomas Wedders — is remembered for a reported 7.5-inch nose, the longest ever recorded in history. Against that...
Gucci shakes up leadership as Francesca Bellettini takes over to revive...
Paris — Gucci, the crown jewel of French luxury group Kering, has named Francesca Bellettini as its new chief executive in a move that...
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