AJ Impact

OPEC+ asks China to help assess coronavirus impact on oil demand

Estimates of how deeply outbreak could dent oil demand vary widely, making it difficult for OPEC to gauge response.

OPEC+ asks China to help assess coronavirus impact on oil demand

AJ Impact

Saudis mull deep oil output cuts over coronavirus: Reports

As OPEC and its allies prepare to meet this week, Saudi Arabia is reportedly pushing for a major short-term output cut.

Saudis mull deep oil output cuts over coronavirus: Reports

AJ Impact

Saudi Arabia tries to calm oil market over coronavirus fears

Global benchmark crude and benchmark US crude are both trading at their lowest levels since October.

Saudi Arabia tries to calm oil market over coronavirus fears

AJ Impact

Saudis surprise oil market by pledging additional cuts

Saudi energy minister also predicts Aramco valuation will soon soar above $2 trillion valuation.

Saudis surprise oil market by pledging additional cuts

AJ Impact

OPEC and its allies agree to deepen oil output cuts

OPEC+ panel recommends additional output cuts of 500,000 bpd, but there's no clarity yet on how long they could last.

OPEC and its allies agree to deepen oil output cuts

AJ Impact

OPEC expected to agree on deeper oil cuts, pushing prices higher

Effort to deepen cuts believed to be driven by Saudi which hopes higher prices will support IPO of state-owned Aramco.

OPEC expected to agree on deeper oil cuts, pushing prices higher

Middle East

Saudi Aramco share prices to be announced

Saudi Arabia says it will use the income from this public listing to diversify its economy.

AJ Impact

Saudi Arabia wants OPEC to deepen oil cuts to bolster Aramco IPO

The Aramco IPO is almost entirely dependent on local investors after foreign investors balked at the valuation.

Saudi Arabia wants OPEC to deepen oil cuts to bolster Aramco IPO

AJ Impact

Brazil's oil: Might the South American country join OPEC?

Brazil's current output would make it OPEC's third-largest producer.

Brazil's oil: Might the South American country join OPEC?

AJ Impact

OPEC chief says deeper oil cut an option amid weaker 2020 outlook

The producer group's forecasts pointed to slower global growth and lower demand next year.

OPEC chief says deeper oil cut an option amid weaker 2020 outlook

Counting the Cost

Oil attacks: What's next for Saudi Aramco and world oil markets?

We ask why Saudi Arabia's billion-dollar defences failed to protect its oil facilities and how it affects oil prices.

AJ Impact

Russia offers reassurance over global oil stockpiles

Russian energy minister rules out upping oil production levels as crude prices soar after Saudi Aramco attack.

Russia offers reassurance over global oil stockpiles

AJ Impact

OPEC members Iraq, Nigeria agree to cut oil output

Oil prices have dropped below $60 per barrel as fears of a global recession outweigh concerns about falling supply.

OPEC members Iraq, Nigeria agree to cut oil output

AJ Impact

OPEC cuts 2020 oil demand forecast, urges effort to avert glut

OPEC's policy of supporting prices through supply cuts has given a sustained boost to US shale and other rival supplies.

OPEC cuts 2020 oil demand forecast, urges effort to avert glut

AJ Impact

Saudi's new oil minister is a royal. That is a big deal

Prince Abdulaziz is the first Saudi royal named oil minister, a post traditionally distanced from palace intrigue.

Saudi's new oil minister is a royal. That is a big deal