OPEC

The Saudi stock market, the largest in the region, dived by 7.7 percent minutes after the opening bell after oil prices closed near a four-year low on March 6

Gulf Shares Slump After OPEC Fails To Agree Virus Action Plan

Gulf shares slump after OPEC fails to agree virus action plan

Friday's Stock Market Close: US Equities Finish Turbulent Week With Another Sell-Off, Yields Plunge

nyse

U.S. stocks plunged on Friday in volatile trading, despite strong U.S. employment figures.

OPEC, Allies Fail To Reach Deal On Oil Production Cuts

OPEC delegates are having their temperature tested on the way into a key meeting at the organisation's headquarters in Vienna

OPEC, allies fail to reach deal on oil production cuts

Permian Basin

Persistent Low Crude Prices May Spell Doom For Debt-Ridden US Shale Industry

Crashing oil prices pose yet another dire threat to the U.S. shale industry

More news

Traders at the New York Stock Exchange (NYSE) on January 29, 2020; Government data show slowing economic growth in the US

Wednesday's Stock Market Close: US Equities Jump To Record Highs In Defiance Of Virus Fears

U.S. stocks closed higher Wednesday despite continuing virus worries

Scientists are debating how the novel coronavirus, which has killed more than 1,100 people in China and spread to dozens of countries around the world, was transmitted to humans

Wednesday's Stock Market Open: US Equities Rise To Record Highs, Oil Prices Surge

U.S. stocks traded higher Wednesday reaching record highs

No cars, no need for petrol. The COVID-19 outbreak will slow the growth in oil demand this year, OPEC says

OPEC Chops Global Oil Demand Growth Forecast Over China Virus

OPEC chops global oil demand growth forecast over China virus

An OPEC committee has recommended additional oil output cuts over coronavirus

OPEC Committee Urges Output Cut Over Coronavirus

OPEC committee urges output cut over coronavirus

Russia is asking for a little more time

Russia To Make Call On Oil Output Cuts 'In Coming Days'

Russia to make call on oil output cuts 'in coming days'

Russia wants more time before any decision on output cuts

Russia Rejects Oil Output Cuts Proposed By OPEC: Reports

Russia rejects oil output cuts proposed by OPEC: reports

China's Foreign Minister Wang Yi shakes hands with his Iranian counterpart Mohammad Javad Zarif during their meeting in Beijing in December 2019

Coronavirus Update: How Is China’s Ally Iran Coping With Outbreak?

Iran needs to sell oil to China but was forced to ban air travel between the countries.

While the number of deaths and infections in China has continued to rise, analysts say investor concerns about the spread and economic impact are easing for now

US Indices End At Records As Coronavirus Fears Ebb

US indices end at records as coronavirus fears ebb

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud had little to say to media as he attended his first OPEC meeting in his new role

Coronavirus Update: Crude Oil Prices Plunge As China Demand Slows

Crude oil prices have dropped by more than 20% since early January

Iraq is OPEC's second-biggest oil producer

Iraq Says OPEC Weighing Output Cut Over Virus Outbreak

Iraq says OPEC weighing output cut over virus outbreak

Economists worry that concerns about catching the coronavirus could dampen consumption and slow economic growth

Coronavirus Could Also Sicken Global Economy

Coronavirus could also sicken global economy

Oil traders fear slipping Chinese demand

Global Economy: Oil Prices Drop To Lowest Level In Over A Year Amid Coronavirus Outbreak

Saudi Arabia and OPEC may decide to cut production as oil demand from China falls.

Sea front promenade in the Emirati capital Abu Dhabi with the ADNOC headquarters (Abu Dhabi National Oil Company) office complex (C) in the foreground

UAE Discovers Trillions Of Cubic Feet Of Shallow Gas Reserves

Abu Dhabi National Oil Co said about 80 trillion cubic feet (2.2 trillion cubic meter) of shallow gas resources were discovered between the emirates of Dubai and Abu Dhabi, the largest of the seven-member UAE.

A 'technical meeting' at OPEC's headquarters

OPEC To Discuss Oil Price Fall After Virus Epidemic

OPEC to discuss oil price fall after virus epidemic

Tianjin Port, CNOOC in talks for LNG terminal

China Importing Record Breaking Amounts Of Crude Oil With No End In Sight

China has imported a record amount of oil this year, with Saudi Arabia as its top supplier.

The International Energy Agency still sees the global oil market still being in surplus early next year despite additional production cuts by OPEC and its allies

Oil Market Still Unbalanced Despite OPEC+ Cuts: IEA

Oil market still unbalanced despite OPEC+ cuts: IEA

Russian Energy Minister Alexander Novak spoke of a proposal to cut oil production further to keep crude prices from falling too far

OPEC Agrees Oil Output Cuts After Much 'Brain Squeezing'

OPEC agrees oil output cuts after much 'brain squeezing'

Global markets have swung this week as investors try to gauge the progress of trade talks between China and the United States

Stock Markets Power Ahead On Strong US Jobs Data

Stock markets power ahead on strong US jobs data

Some observers say fresh production cuts and a boost to prices would suit Saudi Arabia as it tries to support the IPO of its national oil company Aramco

Marathon OPEC Meeting Breaks Up Without Agreement

Marathon OPEC meeting breaks up without agreement

Investors are in a good mood owing to revived hopes for the China-US trade deal, though they remain wary

Global Stocks Mixed Amid Trade Uncertainty, Impeachment Push

Global stocks mixed amid trade uncertainty, impeachment push

Traders work during the opening bell at the New York Stock Exchange (NYSE) on November 4, 2019 in a session that would produce records for the Dow, S&P 500 and Nasdaq

Thursday's Stock Market Close: US Equities Finish Modestly Higher As China Trade Deal Merry-Go-Round Continues

U.S. stocks closed moderately higher on some mild optimism over progress in China-U.S. trade talks.

Saudi energy colossus Aramco is set to announce a price range for its shares on Sunday in a listing dogged by years of delays and false starts partly caused by question marks over how much it is worth

How Much Is Aramco Worth? Questions Over Valuation Rise as IPO Approaches

Some observers are wondering if Saudi Aramco is really worth the $1.7 trillion market cap its IPO price suggests.

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