OPEC

Qatar to leave OPEC to focus on natural gas production

Gulf nation's energy minister says withdrawal from 15-nation bloc will come into effect next month.

OPEC

What is OPEC?

Qatar pulls out of the Organization of the Petroleum Exporting Countries, which controls global oil output.

What is OPEC?

Business & Economy

Oil prices hit year low as OPEC considers output cut

Benchmark Brent crude oil fell to a low of $60.29, its lowest since November 2017.

Oil prices hit year low as OPEC considers output cut

Business & Economy

Riyadh coy as Trump says Saudi king agrees to raise oil output

Saudi state media confirms phone call between two leaders but makes no mention of figure tweeted by US president.

Riyadh coy as Trump says Saudi king agrees to raise oil output

Inside Story

Will OPEC's deal to cut production work?

OPEC member nations agreed to cut oil output at a meeting in Vienna, which could mean lower supplies and higher prices.

Oil Price

Oil prices surge as OPEC reaches production deal

Oil price jumps to $50 as OPEC members agree to cut production by 1.2 million barrels per day from January 2017.

Oil Price

OPEC seeks to nail down oil output cut in Vienna

OPEC members are meeting in Vienna in an attempt to stabilise the global market by cutting oil output.

Middle East

Saudi Arabia to pump more oil to meet domestic demand

Output may rise to about 10.5 million barrels per day from average 10.15 but sources say Kingdom will not flood market.

Saudi Arabia to pump more oil to meet domestic demand

Business & Economy

No oil deal after hours of talks

World's big oil producers fail to agree on output cap to stabilise prices after months of uncertainty.

OPEC meeting ends without deal on oil production freeze