All the updated news related to opec

All the news related to opec updated in real time

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World

UAE energy chief doubles down on Opec alliance with Russia

The United Arab Emirates’ energy minister has doubled down on an oil alliance with Russia that has helped buoy crude prices to their highest in years as Moscow’s war on Ukraine rattles markets and sends energy and commodity prices soaring. The ...

28 Mar 2022 at 11:25

Ukraine crisis sends oil prices surging to 10-year high

The cost of crude has soared to its highest level for 10 years as Russia’s invasion of Ukraine continues to send gas and oil prices rocketing. Brent crude – the international standard – jumped close to 120 US dollars a barrel at one stage, ...

03 Mar 2022 at 10:55

World

Opec and allies to boost oil output by slower pace than previous months

The Opec oil cartel and its allies have decided to boost production in September by a much slower pace than in previous months at a time of high oil prices and unstable energy supplies exacerbated by the war Russia has waged in Ukraine. ...

03 Aug 2022 at 17:49

Drop in sterling adds 7p per litre to fuel bills

Sterling’s fall in value added 7p per litre to drivers’ fuel bills in a year, according to Government-commissioned analysis. A review by regulator Competition and Markets Authority (CMA) found that the “principal drivers” of high fuel ...

17 Oct 2022 at 14:39

Oil prices surge after Opec+ production cuts

Shares in London’s biggest oil companies spiked on Monday morning after a weekend decision from some of the world’s biggest oil-producing countries to slash output. Shell and BP saw their share prices rise by more than 4% each ...

03 Apr 2023 at 11:04

World

Saudi Arabia and Russia cut oil supply again in bid to boost prices

Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up prices, showing how two of the world’s largest oil producers are scrambling to boost income from the fossil fuel even ...

03 Jul 2023 at 17:27

World

Opec+ producers consider more oil cuts as prices slump

Major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the Opec+ alliance struggles to prop up sagging prices that have been a boon to ...

06 Jun 2023 at 16:07

World

Opec+ oil producers face uncertainty over Russian sanctions

The Saudi-led Opec oil cartel and allied producing countries, including Russia, are expected to decide how much oil to supply to the global economy amid weakening demand in China and uncertainty about the impact of new ...

04 Dec 2022 at 13:03

World

Opec+ makes big oil cut to boost prices

The Opec+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices. Energy ministers meeting at the Vienna headquarters of the Opec oil cartel cut production by a ...

05 Oct 2022 at 18:00

Near-six month fall in petrol prices halted

A near-continuous fall in petrol prices since November 2022 has been halted due to a rise in the cost of oil, according to new analysis. The AA said the average price of a litre of petrol at UK forecourts was ...

22 Apr 2023 at 00:01

World

Russian President Vladimir Putin visits Saudi Arabia and UAE

Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before leaving for Saudi Arabia in a one-day lightning tour intended to raise Moscow’s profile as a Middle East power broker, ...

06 Dec 2023 at 18:07

World

Opec ‘panicking’ as Cop28 talks focus on possible fossil fuel phase-out

The oil industry is starting to sweat as United Nations climate talks heat up and threaten to plug wells for good, veteran negotiation observers have said. A reported letter from Opec’s leader pleading ...

09 Dec 2023 at 15:15

Years
2026

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opec
russia
uae
ukraine

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