OPEC

OPEC and Russia agreed to a modest output increase of 500,000 barrels per day from January onwards.

Big oil exporters reportedly delay output level talks amid disagreements as energy demand remains weak.

OPEC and its allies are meeting amid growing signs of discontent from alliance members Iraq, the UAE...

Energy Minister Suhail al-Mazrouei said Thursday the UAE ‘has always been a committed member’ of OPEC+.

Oil prices were little changed on Tuesday as rising COVID infections temper hopes for a rapid vaccine-driven recovery.

Global benchmark Brent crude rose 4.2 percent after Moderna released promising trial data on its COVID-19 vaccine.

The oil market is also contending with renewed lockdown measures across Europe that further threaten the demand outlook.

A possible extension of OPEC+ supply cuts could avoid another collapse in oil prices.

Lockdowns in Europe and uncertainty over US elections could mean oil market volatility may be on the horizon.

Another wave of the coronavirus could clobber crude demand and depress prices once again.

S&P Global Ratings took Oman down to a B+ as lower crude revenue and the coronavirus pandemic hit country’s finances.

OPEC sees oil demand peaking by the late 2030s, in contrast to oil industry view that plateau will happen sooner.

State energy firm said on Saturday it would start operations at ports and fields, but force majeure applies to some ops.

Saudi Arabia’s energy minister invokes Clint Eastwood’s Dirty Harry in warning issued after OPEC+ meeting.