US oil trading collapsed on April 20 as the price on the May future contract for West Texas Intermediate (WTI) - that is due to expire on April 21 - fell by over 300%, recording an unprecedented $-37.63 per barrel ...
Iraq’s oil minister, Thamer al-Ghadhban, announced that the Kurdistan region is included in the 1 million barrels per day (mmbbl/d) cut of oil production.
Oman has announced that it will cut oil production by 200,000 barrels per day (bpd) following the record OPEC cuts.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to cut overall oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, 2020.
The international Monetary Fund (IMF) has lowered its forecast for Saudi Arabia’s economic growth to 1.9%, retracting its initial anticipation on the kingdom's economic growth to increase by 2.2% in 2020.
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend oil production cuts until March 2020, during their summit in Vienna.
Saudi Arabia believes that the Organization of the Petroleum Exporting Countries (OPEC) should decide to extend the output curbs during its next summit in Vienna, according to Saudi Energy Minister Khalid Al-Falih ...
The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies (OPEC+) agreed to reduce oil production by around 1.2 million barrels per day (b/d) during a meeting in Vienna on December 6.
Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee.
Saudi Arabia and Russia are reportedly seeking a 1.5 million barrel per day (b/d) increase in production from signee countries to the OPEC and non-OPEC agreement.
