Posts Tagged ‘OPEC’

OPEC faces output balancing act over US-Iran crisis

by AFP/ pic by AFP
OPEC is on red alert over escalating US-Iran tensions that fuelled strong oil-price gains – but the cartel and other crude-producing ...

More foreign outflow risks M’sian capital markets amid rising US-Iran tensions

By MARK RAO / Pic By MUHD AMIN NAHARUL
Escalating tensions between the US and Iran are placing Malaysian capital markets at risk of further foreign ...

MISC to bid for projects worth RM12b

by SHAHEERA AZNAM SHAH / pic by MUHD AMIN NAHARUL
MISC Bhd eyes to win projects worth up to US$3 billion (RM12.4 billion) this year, higher than US$1 ...

Potential global recession poses major threat to oil market

Recent tepid economic data worldwide and US oil inventory build could combine to create an oversupply situation not unlike that experienced during the 2014 ...

OPEC+ affirms commitment to oil cuts, defers decision to extend curbs

The change in timing reflects what the committee described as ‘critical uncertainties’ in the oil market
BAKU • Saudi Arabia led fellow members of the ...

US and China seen driving oil demand, no OPEC policy change in April

By REUTERS / Pic By BLOOMBERG
NEW DELHI • Saudi Oil Minister Khalid Al-Falih (picture) said yesterday China and the US would lead a healthy ...

Vitol expects oil to rally as OPEC, Venezuela cause shortage

By BLOOMBERG
LONDON • The world’s largest energy trader said oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and ...

EA says Venezuela crisis risks disrupting global crude market

Venezuela poses a threat because production of the heavier, higher-sulfur crude it pumps is being reduced elsewhere
LONDON • The political crisis in ...

Venezuela oil czar courts India after RM81.5b hit from the US

By BLOOMBERG
NEW DELHI • Venezuela’s oil minister made a surprise appearance at an energy event in India, as the embattled OPEC producer seeks closer ...

Kuwait Petroleum said to reassess US$500b spending plan

By BLOOMBERG
DUBAI • Kuwait Petroleum Corp (KPC) is reassessing plans to spend about US$500 billion (RM2.03 trillion) in capital investment and may ...

Trump’s dream of cheap oil might still come true

By JULIAN LEE / Pic By BLOOMBERG
As winter keeps its grip on the northern hemisphere — it is the oil bulls, not the bears — who have gone into ...

Saudis pledge deeper oil cuts in February under OPEC+ deal

By BLOOMBERG
DUBAI • Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production ...