Posts Tagged: OPEC
UAE Leaves OPEC in Blow to Global Oil Producers’ Group
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the...
US Says It’s Raised Concerns with Saudis over Detention of US Citizen
The US State Department confirmed that a Saudi-American citizen has been detained in Saudi Arabia, and said that Washington has repeatedly raised its concerns. Saudi Arabia...
Biden Administration Hits Back Against Saudi Defense of Oil Cuts
Following President Biden's statement Tuesday that the United States must “rethink” its relationship with Saudi Arabia, Saudi officials took the unusual step Wednesday evening of...
Biden Vows Consequences for Saudi Arabia After OPEC+ Decision
President Joe Biden pledged on Tuesday "there will be consequences" for US relations with Saudi Arabia after OPEC+ announced last week that it would cut...
Biden Re-Evaluating US Relationship With Saudis After OPEC Decision
President Joe Biden is re-evaluating the US relationship with Saudi Arabia after OPEC+ announced last week that it would cut oil production, White House national...
Emirati President al-Nahyan to Meet Russia’s Putin
i24 News –United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahyan will meet with his Russian counterpart Vladimir Putin in Russia on Tuesday, Emirati media...
OPEC+ Plans New Output Policy Meeting on Sunday
OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy, three sources within the producers group told Reuters on Saturday. The...
India Calls Saudi Advice on Tapping Stored Oil ‘Undiplomatic’
Indian oil minister Dharmendra Pradhan on Friday described his Saudi counterpart's advice to reduce oil stores to tackle high crude prices as "undiplomatic." "That was in...
Oil Extends Gains After Surprise Saudi Output Cut
Oil prices extended gains on Wednesday, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as an...
Oil Prices Slip Over 1% After Norway Oil Worker Strike Ends
Oil prices slipped more than 1% on Friday after an oil worker strike in Norway ended, which should boost crude output even as Hurricane Delta...
Iran’s Oil Minister Blames US for Market Tensions
Iranian Oil Minister Bijan Zanganeh said on Saturday frequent US comments about oil prices had created market tensions, the ministry's news website SHANA reported. US President...
US Confirms Its Iran Envoy Met Saudi Energy Minister in Vienna
The US government confirmed that Saudi Energy Minister Khalid al-Falih met with US special representative for Iran Brian Hook in Vienna on Wednesday, contradicting a Saudi denial...
Iran Says Trump Should Stop Interfering in Middle East If He Wants Cheap Oil
US President Donald Trump should stop interfering in the Middle East if he wants the price of oil to stop rising, Iranian Oil Minister Bijan...
Iran Says Some OPEC Members Act in Accordance With US Policy
Iranian Oil Minister Bijan Zanganeh said some members of oil producer group OPEC were acting in accordance with US policies, Iran's Khaneye Mellat news agency reported...
