OPEC – Page 2 – THE OVAL CIRCLE

Washington ‘panicking’ over potential Russian and Saudi oil cut – CNN

Posted on October 7, 2022October 7, 2022By Editor

Riyadh and Moscow are reportedly seeking to raise oil prices by agreeing deep output reductions. … Read More >Washington ‘panicking’ over potential Russian and Saudi oil cut – CNN

Business

West pondering ‘oil buyers club’ to pressure OPEC

Posted on May 14, 2022May 14, 2022By Editor

Italian PM Mario Draghi proposed a “cartel of buyers” to US President Joe Biden as a way to deal with OPEC . … Read More >West pondering ‘oil buyers club’ to pressure OPEC

Business

Oil edges toward $100 per barrel

Posted on February 10, 2022February 10, 2022By Editor

Main crude benchmarks hit their highest levels in seven years amid supply concerns. … Read More >Oil edges toward $100 per barrel

Business

OPEC says no to Joe

Posted on December 2, 2021December 2, 2021By Editor

The Organization of the Petroleum Exporting Countries (OPEC) is not sticking with the planned oil production increase in November under the OPEC+ deal. This comes despite the calls from US President Joe Biden to boost oil output. … Read More >OPEC says no to Joe

Business

Russia boosted oil production in October

Posted on November 7, 2021November 7, 2021By Editor

Russia saw its crude oil and condensate production rise in October for a second consecutive month as it increased output under the OPEC+ agreement to ease the collective production cuts. … Read More >Russia boosted oil production in October

Business

Biden blames Russia & OPEC for high oil and gas prices in US

Posted on November 5, 2021November 5, 2021By Editor

President Joe Biden has called out Russia and OPEC countries for causing US energy prices to rise, even as he implements policies to curtail domestic oil and natural gas production. … Read More >Biden blames Russia & OPEC for high oil and gas prices in US

Business

Oil prices drop as China releases fuel reserves to beef up domestic supply

Posted on November 3, 2021November 3, 2021By Editor

Global crude prices slid on Monday after China released gasoline and diesel reserves to increase the domestic market supply and stabilize prices. … Read More >Oil prices drop as China releases fuel reserves to beef up domestic supply

Business

Trump blasts Biden for compromising US energy security as Washington turns to Russia & OPEC for more oil

Posted on October 11, 2021October 11, 2021By Editor

The US is being forced to negotiate oil supplies with Russia and the Organization of Petroleum Exporting Countries (OPEC) due to the loss of energy independence under the current administration, the former US president has said. … Read More >Trump blasts Biden for compromising US energy security as Washington turns to Russia & OPEC for more oil

Business

A cold winter could send oil prices soaring past $100

Posted on October 9, 2021By Editor

Meteorologists are predicting a particularly cold winter, and it could send oil prices to the highest level since 2014. … Read More >A cold winter could send oil prices soaring past $100

Business

Oil surges past $75 as OPEC+ discuses 2 million bpd output boost

Posted on July 3, 2021July 3, 2021By Editor

Oil prices shot up early on Thursday as reports started to emerge that OPEC and its non-OPEC partners led by Russia were discussing another gradual increase in oil supply of 2 million barrels per day between August and December. … Read More >Oil surges past $75 as OPEC+ discuses 2 million bpd output boost

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