Oil Price News

Saudi Arabia19 Dec 2018 19:03 GMT

Mohammed al-Jadaan says the kingdom wants to be 'disciplined, efficient and pro-growth' after budget announcement.

OPEC06 Dec 2018 11:46 GMT

Despite calls from US President Donald Trump to keep oil flowing, major producers are expected to agree to cut output.

OPEC03 Dec 2018 23:35 GMT

Doha's announced withdrawal from OPEC comes at a critical juncture for the cartel and its de facto leader.

OPEC03 Dec 2018 13:46 GMT

Qatar pulls out of the Organization of the Petroleum Exporting Countries, which controls global oil output.

Business & Economy23 Nov 2018 12:27 GMT

Benchmark Brent crude oil fell to a low of $60.29, its lowest since November 2017.

Business & Economy20 Nov 2018 02:18 GMT

Sources close to discussions tell the Wall Street Journal move to fund $70bn deal for petrochemical maker called off.

Middle East11 Nov 2018 17:01 GMT

The move could send prices upwards as Russia and the US continue to break records in oil production.

Saudi Arabia18 Oct 2018 20:07 GMT

Saudi Arabia and Kuwait struggle to resume oil production from joint fields amid souring ties over Turkey, Qatar.

Reporter's Notebook 25 Sep 2018 15:19 GMT

Iranian leaders are interested in preserving the Iran nuclear agreement, despite looming US sanctions on oil sales.

Oil Price25 Sep 2018 14:35 GMT

Crude prices rose to $82 after Saudi Arabia and Russia appeared to reject calls from the US to increase production.

Business & Economy15 Sep 2018 09:18 GMT

Iran's OPEC chief Hossein Kazempour Ardebili says Saudi and Russian actions are a result of US attempts to cut Iran off.