Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from OPEC

Algeria: Doctors tell Saudi crown prince don't go to summit

Saudi Arabia’s powerful 37-year-old crown prince will not attend an upcoming summit in Algeria after his doctors advised him not to travel

The Independent UK · Oct 23, 2022

Biden's Plan To Help Taxpayers At The Gas Pump Comes As Strategic Reserves Fall To 1984 Levels

President Joe Biden announced on Oct. 19 the release of 15 million barrels of oil from the strategic petroleum reserve (SPR) due to recent production cuts announced by the OPEC + coalition.

Benzinga · Oct 21, 2022

Turkey accuses US of ‘bullying’ Saudi Arabia over OPEC+ oil cuts

Turkey’s foreign minister slams US for ‘bullying’ Saudi Arabia after OPEC+ announced oil production cuts.

Al Jazeera · Oct 21, 2022

From analysis to the latest developments in health,
read the most diverse news in one place.

Saudi Energy Minister, Top Chinese Official Stress Importance of Stable Long-Term Crude Supplies

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman and the director of China's National Energy Administration Zhang Jianhua on Friday stressed the importance of stable long-term supplies to crude oil markets, the Saudi state news agency SPA reported. The two agreed to continue cooperation efforts to maintain stability in oil…

Asharq Al-Awsat · Oct 21, 2022

3 Energy Stocks Not Worth The Money

President Biden has announced a sale of U.S. strategic reserves to bring down gas prices, while OPEC has slashed its oil demand growth estimates. Amid this, we believe fundamentally weak energy stocks Frontline (FRO), Tellurian (TELL), and Camber Energy (CEI) might be best avoided. Read on….

StockNews.com · Oct 20, 2022

Janet Yellen Calls OPEC+ Move ‘Unhelpful And Unwise’ For Global Economy

The United States has expressed disappointment in OPEC+'s plans to cut output.

Zenger · Oct 20, 2022

Middle East round-up: Iran rock climber in headscarf controversy

Here’s a round-up of Al Jazeera’s Middle East coverage this week.

Al Jazeera · Oct 20, 2022

Read news from The Economist, FT, and more,
with one subscription

‘Fill up ASAP’: Motorists warned ahead of petrol spike

Motorists have been urged to make beeline to the bowser to fill up with petrol with prices tipped to jump as much as 40 cents a litre.

The New Daily · Oct 20, 2022

EXPLAINER: What is the Strategic Petroleum Reserve?

The Biden administration plans to release 15 million barrels of oil from the U.S. strategic reserve to counter recent production cuts announced by OPEC+ nations

The Independent UK · Oct 19, 2022

Saudi Arabia pressed Arab nations to issue statements publicly supporting OPEC+ cut

The Biden administration blames Saudi Arabia for the move, which the U.S. claims will strengthen Russia.

Axios · Oct 19, 2022

Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters.

Reuters · Oct 19, 2022

‘Troubled marriage’: Oil spat unlikely to break US-Saudi ties

Analysts say shared interests will sustain ties despite Washington’s promise of ‘consequences’ over oil production cuts.

Al Jazeera · Oct 19, 2022

OPEC: Move to Cut Oil Output Was Unanimous to Prevent Crisis

The Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham al-Ghais said on Tuesday that OPEC+ alliance took an unanimous decision to cut oil output as a pre-emptive measure to prevent a crisis. Speaking at the African Energy Week in South Africa, al-Ghais said the heads of delegations unanimously decided…

Asharq Al-Awsat · Oct 19, 2022

Biden to announce more oil reserve sales to reduce gas prices - Roll Call

The Biden administration will sell another tranche of oil from the national reserve in December to put a damper on gasoline prices.

Roll Call · Oct 19, 2022

Get all your
news in one place.

100's of premium titles.
One news app.

Asharq Al-Awsat · Oct 19, 2022

Malaysia: OPEC+ Decision to Cut Output Made to Address Market Uncertainties

Malaysia has said a decision by OPEC+ member states to cut oil production was unanimous, and made after taking into account the need to address market uncertainties. Malaysia joins other OPEC+ countries this week in backing a steep cut to the group's output target. "OPEC+ countries collectively took into consideration…

Axios · Oct 19, 2022

Biden taps oil reserve in attempt to curb gas prices

It's the latest of several attempts by the Biden administration to try and tame gas prices via the SPR.

Salon · Oct 18, 2022

OPEC's price hike: A history lesson

U.S. leaders threaten revenge against Saudi Arabia over OPEC's production cuts. They're missing the point

Asharq Al-Awsat · Oct 18, 2022

Saudi Crude Oil Exports Hit 2-Year High

Saudi Arabia’s crude oil exports hit a more than two-year high of 7.6 million barrels per day in August, according to data from the Joint Organization Data Initiative. The Kingdom saw a 3% rise from July, recording its highest volume since April 2020. It was also the third month in…

Get all your
news in one place.

100's of premium titles.
One news app.

Asharq Al-Awsat · Oct 18, 2022

UAE Says It Fully Stands with Saudi Arabia to Support Energy Stability, Security

The United Arab Emirates (UAE) on Monday said it fully stands with Saudi Arabia in its efforts to support energy stability and security, UAE state news agency (WAM) reported, citing a foreign ministry statement. UAE also added that it supports the Saudi foreign ministry's statement regarding the latest OPEC+ decision…

Asharq Al-Awsat · Oct 18, 2022

Arab Countries Support Saudi Arabia’s Decision at OPEC+

Several Arab countries expressed on Monday their solidarity with and support to Saudi Arabia in wake of the decision taken at the OPEC+ group last week. Oman’s foreign ministry said it was following the developments related to OPEC+’s decision to partially cut output. It stressed that it supports the decision…

StockNews.com · Oct 17, 2022

Take Advantage of These 3 Energy Stocks Before It’s Too Late

Although oil prices are down from their summer highs, the OPEC+ output cuts amid other factors could squeeze the market. This could lead to oil prices skyrocketing once again. Hence, quality energy Stocks Valero Energy (VLO), Energy Transfer (ET), and APA Corp (APA) might be solid buys now. Read on.

Asharq Al-Awsat · Oct 17, 2022

Egypt Supports Saudi Arabia’s Position on OPEC+ Decision

Egypt stressed on Monday its support to Saudi Arabia’s position on the recent OPEC+ decision, reported the Saudi Press Agency. The Egyptian Foreign Ministry said it was following closely and with interest the reactions to the decision. It added that Cairo support Riyadh's position in explaining the technical considerations of…

The Guardian - UK · Oct 17, 2022

Oil addiction will keep the west in hock to dictators

Letters: David Woollcombe and Richard Baker on the urgent need to move towards renewable energy

The New Daily · Oct 17, 2022

Dip in petrol prices, but expect more pain at the pump

The nation's average petrol price dropped 3.9 cents to 178.6 cents a litre last week, according to Australian Institute of Petroleum data.

The Guardian - UK · Oct 17, 2022

First Thing: Russia hits Kyiv with ‘kamikaze’ drones

Drones seen swooping low across skies of Ukraine’s capital as people seek cover. Plus, why pet shelters are overrun with guinea pigs

1 … 87 88 89 90

Coverage From

People

King Salman bin Abdulaziz

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Valero Energy Corporation

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.