A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite Continue Reading
Algiers — Saudi energy minister Khalid al-Falih on Sunday rejected accusations by US President Donald Trump that OPEC was keeping oil prices elevated through anti-competitive behavior. Receive daily email alerts, Continue Reading
OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of U.S. sanctions, a source Continue Reading
Saudi leaders face pressure from the United States to raise crude oil production. Photo by photostock77/Shutterstock Sept. 21 (UPI) — Saudi Arabian leaders find themselves in a tough spot going Continue Reading
An OPEC and non-OPEC monitoring committee found that oil producers’ compliance with a supply-reduction agreement reached 129 percent in August, two committee delegates said on Saturday. Compliance with the agreed Continue Reading
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices. “We protect the countries of the Continue Reading
OPEC and its allies are unlikely to agree an official increase in crude output when they meet in Algeria this weekend, although pressure is mounting on top producers to prevent Continue Reading
The cartel has previously said it was responding to Mr. Trump and other world leaders, who in the spring had ratcheted up complaints about high prices. The group in June Continue Reading
We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! Continue Reading
The last time OPEC and its partners met, in Vienna in June, they were on the receiving end of a thunderous tweet from US President Donald Trump, warning from across Continue Reading
