OPEC+ countries including Saudi Arabia and UAE announce increase to oil production levels
OPEC+
Latest in OPEC+
Arab Light Crude
Saudi Arabia may cut July oil prices to Asia amid OPEC+ supply surge: Report
Saudi crude official selling prices are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices
Oil price
Oil prices plunge over $2 as OPEC+ accelerates output hikes
Brent crude futures dropped 3.61 per cent, to $59.08 a barrel, while US West Texas Intermediate crude was at $56.00 a barrel, down by 3.93 per cent
OPEC
OPEC+: Saudi, UAE, Kuwait, Oman and others announce oil production increase
Eight OPEC+ countries, including Saudi, UAE, Kuwait and Oman, have agreed to increase oil production
kuwait oil production
OPEC+ countries including Saudi, UAE, Kuwait and Oman extend voluntary oil production cuts
Saudi Arabia, UAE, Kuwait and Oman join OPEC+ members in extending voluntary oil production cuts
Brent Crude
Oil prices regain $90 level
Crude prices declined on Monday amidst the new flare ups in the Middle East
Brent Crude
Oil prices rise in early trading on Friday
Brent crude futures rose 50 cents to $79.20 per barrel, while US West Texas Intermediate crude futures rose 40 cents to $74.22 per barrel
oil market
OPEC reaffirms commitment to oil market stability
The statement highlighted the unity and cohesion of the group
Brent Crude
Oil prices hit 6-month low on oversupply concerns
The crude market remained unimpressed even after the OPEC+ announced production cuts for 2024
crude oil output
Oil prices edge lower as fresh voluntary cuts by OPEC+ disappoint traders
The benchmark Brent crude declined to $82.83 a barrel, down 0.32 percent, while West Texas Intermediate (WTI) slipped 0.26 percent on Friday morning trading hours
kuwait oil production
Oil production: Saudi Arabia, UAE, Kuwait and Oman to slash output in 2024
Opec+ members including Saudi Arabia, UAE, Kuwait and Oman agree to cut oil production in 2024
crude oil output
Oil prices hold above $80/bbl ahead of OPEC+ meeting
Prices tumbled in the middle of last week after OPEC+ postponed a ministerial meeting to November 30, reportedly to iron out differences on production targets for African producers
crude oil output
Crude prices tumble 5% over two days as OPEC+ meeting delayed
OPEC+ announced that the ministerial meeting has been rescheduled from November 26 to November 30, without providing a specific reason for the delay
Abu Dhabi
UAE petrol prices up 25% this year
The price of petrol in the UAE has increased by up to 25 per cent in 2023, with the cost of diesel and all fuel categories going up
Oil production
Saudi Arabia to maintain 1 million barrel per day oil production cut
Saudi Arabia’s Ministry of Energy extends voluntary oil production cuts to end of year
Abu Dhabi
UAE petrol prices: New fuel, diesel rates announced for October 2023
The UAE Fuel Price Committee has announced increased rates for petrol and diesel for October 2023
OPEC
Saudi Arabia extends voluntary oil cuts to 2024
Saudi Arabia will extend the voluntary oil production cuts until end of December, according to a Ministry of Energy source