OPEC

OPEC loses a player: Angola quits cartel, oil dips despite rally

LONDON, Dec 21, 2023 (AFP) - Crude prices slumped on Thursday after Angola quit the OPEC oil cartel, while Wall…

OPEC+ meeting postponed to November 30, sending prices falling

VIENNA, Nov 22, 2023 (AFP) - The ministerial meeting of the OPEC+ alliance originally scheduled for Sunday in Vienna has…

OPEC+ maintains output reduction to boost oil prices

VIENNA, Oct 4, 2023 (AFP) - An OPEC+ panel recommended Wednesday that the oil cartel keep its current output reduction…

Saudi Arabia slashes output further to boost oil price

VIENNA, June 4, 2023 (AFP) - Riyadh on Sunday announced a fresh oil output cut following a meeting of major…

Oil prices soar almost 6% after OPEC+ output cut

HONG KONG, China (AFP) -- Oil prices soared almost six percent in Asian trade Monday morning after major producers led…

Russian oil price cap put to the test

BRUSSELS, Belgium (AFP) - The price cap on Russian oil agreed by the EU, G7 and Australia is set to come…

OPEC+ agrees to keep output levels unchanged

Vienna, Austria (AFP) by Kiyoko Metzler, with Emeline Burckel in London Major oil-producing countries led by Saudi Arabia and Russia…

OPEC set to stick or cut more amid plan to cap Russian oil price

London, United Kingdom (AFP) Major oil producers are expected to stick to their current output strategy or even slash production…

US and Saudi Arabia clash in public over oil cut, Russia

by Aurélia End  Agence France-Presse WASHINGTON, United States (AFP) -- The United States and Saudi Arabia traded bitter barbs Thursday…

OPEC+ walks ‘fine line’ between US and Russia

by Emeline Burckel Agence France-Presse LONDON, United Kingdom (AFP) -- The OPEC+ group of oil exporters are set to hammer…

Price rollback for diesel, kerosene set on Tuesday; gasoline prices to remain unchanged

P3/liter rollback for diesel, P3.40 per liter rollback for kerosene   (Eagle News) – Oil companies are set to implement…

Russia will help PHL in its oil and gas needs, says Russian ambassador Pavlov

Assurance made during discussion with President-elect Marcos Jr.   (Eagle News) – The Russian government will help the Philippines in…

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