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OPEC+
Oil & Gas
OPEC’s dilemma: Another year of supply curbs or price slump
A surplus looms next year even if the cartel cancels the supply hikes entirely, the International Energy Agency forecasts.
3 days ago
China Focus
Oil imports into China decline again as top buyer cuts back
China’s oil consumption has been a weak spot for the market, and last month’s decline in inflows came as local refiners cut throughput amid weaker margins.
24 days ago
Offshore & Marine
O&M industry: Floating on unstoppable oil
Offshore and marine companies have rallied with the stability of oil prices, but a clean energy future looks the way forward.
August 07, 2024
Oil & Gas
OPEC+ agrees to extend output cuts in bid to support prices
The so-called “voluntary” cuts from key members will continue until the end of 2024.
June 02, 2024
Oil & Gas
How OPEC+ saw its hold on global oil markets fray despite extra production cuts
'The market seems little convinced about the petro-nations'
December 08, 2023
Commodities
DBS, OCBC maintains oil forecast of above US$85/bbl and US$90/bbl respectively with upside bias following Gaza conflict
Unless the conflict reaches a much bigger scale involving multiple parties, DBS believes US$100/bbl levels are unsustainable.
October 10, 2023
Oil & Gas
OPEC+ may push up oil price, but China most important, IEA Says
60% of the growth expected this year in global oil demand is set to come from China, says IEA's Fatih Birol.
June 07, 2023
Oil & Gas
Saudi Arabia goes it alone at OPEC+ with million-barrel cut
The main winner from the weekend’s OPEC+ talks was the UAE, which gets a boost to its production limit for next year.
June 05, 2023
Oil & Gas
OPEC+ makes surprise 1 million-barrel oil production cut
The move adds up to a production cut of about 1.1 million barrels a day starting next month, which is a significant reduction.
April 02, 2023
Oil & Gas
OPEC+ agrees to keep oil production unchanged
The volatility has been driven by European Union sanctions on crude exports from OPEC+ member Russia
December 04, 2022