Wednesday, December 24, 2025
Today's Print

Tag: OPEC

Leading oil producers to meet amid record crude prices

LONDON, United Kingdom—The world’s top oil-producing countries will meet on Wednesday to discuss a further increase in output, while crude prices have reached seven-year...

OPEC, allies okay another moderate oil output hike

LONDON, United Kingdom—OPEC and its allies decided on Tuesday to maintain their policy of modestly boosting oil output next month as the rapidly spreading...

OPEC, allies agree on another modest oil output hike

By Joseph Sotinel OPEC and its allies decided on Tuesday to maintain their policy of modestly boosting oil output next month as the rapidly spreading...

Markets skeptical as Biden opens spigot on oil reserves

President Joe Biden is tapping the US strategic oil reserve in an effort to lower gasoline prices, but crude actually rose in Tuesday's trading...

Major oil producers to assess production as prices escalate

LONDON—Major oil producers on Thursday are expected to continue planned moderate output increases despite pressure to further ramp up production amid soaring prices. The 13...

OPEC+ sticks to planned output despite soaring prices

LONDON—The Organization of Petroleum Exporting Countries (OPEC) and its key allies decided at a meeting on Monday to stick to planned moderate increases in...

OPEC, allies grappling with mixed blessing of rising prices

LONDON—OPEC and its key allies will meet on Monday to decide whether to ramp up oil production in a bid to calm overheated global...

Market retreats on Fitch’s rating outlook downgrade

The stock market slumped Tuesday in knee-jerk reaction to the move of Fitch Ratings to revise its credit rating outlook on the Philippines to...

Oil prices hammered after OPEC+ talks fail

US oil prices briefly spiked Tuesday to near a seven-year peak after OPEC+ crude producers failed to agree on lifting output, fuelling concern about...

European stocks and oil prices rise as OPEC argues

European stock markets found some reasons to cheer Monday after a mainly downbeat Asian session, with London gaining on takeover news and rising oil...

Oil-producing countries postpone decision on output hike

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OPEC and allies agree to continue planned crude output increases

The OPEC group of oil-producing countries and its allies agreed Tuesday to maintain planned production increases, as pandemic-hit demand for crude recovers. The 23-nation OPEC+...

OPEC and allies set for another crude output increase

The OPEC group of oil-producing countries and its allies look set to boost production further when they meet Tuesday, as pandemic-hit demand for crude...

Saudi Aramco’s first-quarter profits jumped 30% on oil market recovery

RIYADH, Saudi Arabia—Energy giant Saudi Aramco on Tuesday posted a 30-percent jump in first quarter profits, beating forecasts in a sign of recovery from...
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