AJ Impact

Libya set to export oil again after NOC lifts legal clause

The months-long ban deprived OPEC member and once major oil producer of about one million barrels a day of shipments.

Libya set to export oil again after NOC lifts legal clause

AJ Impact

Iran cuts oil production to lowest in 40 years as storage fills

Tehran's exports fell to new lows as it struggles to find buyers for its sanctions-hit oil in an oversupplied market.

Iran cuts oil production to lowest in 40 years as storage fills

AJ Impact

Venezuela: Arrest warrants for Guaido's ad hoc central bank board

Venezuela's chief prosecutor announced arrest warrants for several crimes, including treason.

Venezuela: Arrest warrants for Guaido's ad hoc central bank board

AJ Impact

Saudi tax hike: 'Now I have to live with 35% less'

The tripling of value-added tax to 15 percent is meant to boost Saudi revenues amid its worst ever economic decline.

Pre-tax spree: Saudis pack shops, buy gold, cars before VAT hike

AJ Impact

Saudi Aramco axes hundreds of jobs as it looks to cut costs

State oil giant's bottom line has been bludgeoned by weak oil demand and lingering fallout of Riyadh's crude price war.

Saudi Aramco axes hundreds of jobs as it looks to cut costs

AJ Impact

Oil settles lower on fuel demand worries due to COVID-19 uptick

New coronavirus hotspots are emerging in China and the US as US crude inventory rises again threatening another crash.

Oil settles lower on fuel demand worries due to COVID-19 uptick

AJ Impact

Qatar energy minister weighs in on Saudi oil price war

Minister tells CNBC Saudi oil price war was a 'big mistake' and he sees energy demand recovering slowly.

Qatar energy minister weighs in on Saudi oil price war

AJ Impact

Crude prices fall after Saudis say bye bye to bonus output cuts

Saudi Arabia, UAE, Kuwait announce they will end voluntary output cuts after OPEC+ agreed to extend current curbs.

Crude prices fall after Saudis say bye bye to bonus output cuts

AJ Impact

Stocks get a boost from US jobs data, oil rises after OPEC+ deal

US non-farm payrolls unexpectedly increased in May, and the world's top oil producers agreed to extend output cuts.

Stocks get a boost from US jobs data, oil rises after OPEC+ deal

AJ Impact

OPEC+ extends output cuts through July and cracks down on cheats

Oil prices have nearly doubled since April, when US benchmark WTI turned negative on oversupply concerns.

OPEC+ extends output cuts through July and cracks down on cheats

AJ Impact

OPEC+ to meet on Saturday to discuss extending historic cuts

OPEC member Saudi Arabia and its ally Russia will try to push laggards such as Iraq and Nigeria to comply with curbs.

OPEC+ to meet on Saturday to discuss extending historic cuts

AJ Impact

OPEC+ may hold meeting on extending output cuts this weekend

Oil-exporting nations are set to meet on June 6-7 to discuss extending output cuts to buffer COVID-19's hit on demand.

OPEC+ may hold meeting on extending output cuts this weekend

AJ Impact

Oil prices dip on doubts over supply cuts, growing US fuel stocks

Markets reacted to a failure by major oil producers to meet on Thursday to discuss extending oil output cuts into July.

Oil prices dip on doubts over supply cuts, growing US fuel stocks

AJ Impact

Middle East petro-states' reliance on China surges with COVID-19

The region's petro-states shipped about one in every three of their crude exports last month to the Asian country.

Middle East petro-states' reliance on China surges with COVID-19

AJ Impact

Oil falls from $40 as doubts emerge over next step on OPEC cuts

Saudi Arabia and Russia agreed to extend existing cuts but the timing and scale of the deal remains murky.

Oil falls from $40 as doubts emerge over next step on OPEC cuts