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OPEC+ agrees to keep output levels unchanged

Kiyoko Metzler, with Emeline Burckel in London, Agence France-Presse
Posted at Dec 04 10:31 PM

Major oil-producing countries agreed Sunday to maintain their current output levels ahead of fresh sanctions against Moscow next week. Read more »

Saudi Aramco posts 39pct jump in Q3 profits

ABS-CBN News
Posted at Nov 01 02:51 PM

Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices. Read more »

Saudi, UAE tout higher oil production, days before COP climate talks

Agence France-Presse
Posted at Oct 31 06:16 PM

Saudi Arabia and the UAE said the world needs higher oil production on Monday, just days before the COP27 climate summit aimed at curbing global warming. Read more »

Over a barrel, Biden faces tough options with Saudis

Shaun Tandon and Leon Bruneau, Agence France-Presse
Posted at Oct 17 09:38 AM

US president Joe Biden has vowed consequences for Saudi Arabia over its explosive slash in oil output. Read more »

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

Agence France-Presse
Posted at Oct 14 02:00 AM

The Saudi-led OPEC+ cartel – which includes Russia – angered the White House by cutting production, raising fears that oil prices would soar. Read more »

Oil, the US or Russia: Whose side is Saudi Arabia really on?

Deutsche Welle
Posted at Oct 13 12:38 PM

After an OPEC+ decision to cut oil production, the relationship between the US and Saudi Arabia is in dire straits. Read more »

Biden to 're-evaluate' Saudi ties after OPEC snub

Aurélia End, Agence France-Presse
Posted at Oct 12 10:28 AM

US President Biden promised 'consequences' for Saudi Arabia after a Riyadh-led coalition of oil-producing nations sided with Russia to slash output. Read more »

Presyo ng petrolyo posibleng tumaas pa: DOE

ABS-CBN News
Updated as of Oct 11 08:07 PM

Nangangamba ang Department of Energy na lalong sumipa ang presyo ng produktong petrolyo. Read more »

DOE expects new oil price hike next week

ABS-CBN News
Posted at Oct 07 06:39 PM

An official from the Department of Energy (DOE) on Friday said the agency expects fuel prices to rise again next week. Read more »

OPEC+: A thriving Saudi-Russian marriage of convenience

Emeline Burckel, Agence France-Presse
Posted at Oct 07 03:00 AM

The UAE energy minister insisted OPEC+ was merely a 'technical organization', suggesting there are no political motives behind its decisions. Read more »

Oil prices climb as OPEC+ cuts output

Agence France-Presse
Posted at Oct 06 08:42 AM

Oil prices climbed Wednesday as OPEC and its Russia-led allies announced a major cut in output, while a stocks rally ran out of gas. Read more »

OPEC+ agrees major oil output cut; Biden 'disappointed'

Kiyoko Metzler, Agence France-Presse
Posted at Oct 06 01:17 AM

The 13-nation OPEC cartel and its 10 Russian-led allies agreed to reduce two million barrels per day from November, the group said in a statement. Read more »

Oil prices rise awaiting OPEC output cut

Agence France-Presse
Posted at Oct 05 09:09 PM

Oil prices rose Wednesday as OPEC and Russia-led allies prepare to announce a big cut in output. Read more »

OPEC+ expected to slash oil output

Kiyoko Metzler, Agence France-Presse
Updated as of Oct 05 12:53 PM

Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to two million barrels per day in a bid to prop up slumping prices. Read more »

Markets drop as traders eye jobs and earnings, oil jumps

Agence France-Presse
Posted at Oct 03 07:04 PM

Stocks slipped on Monday as investors await key US jobs data while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates. Read more »

Oil surges as reports say OPEC considering output cut

Agence France-Presse
Posted at Oct 03 04:48 PM

Oil prices jumped more than four percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output. Read more »

Pag-alis ng ethanol sa gasolina inihirit para umano makabawas-presyo

ABS-CBN News
Posted at Sep 06 08:30 PM

Panukala ng isang kompanya ng langis na alisin muna ang hinahalong ethanol sa gasolina para mabawasan umano ang presyo nito. Read more »

OPEC+ agrees oil output cut to prop up prices

Agence France-Presse
Posted at Sep 05 09:34 PM

The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears. Read more »

OPEC+ has 'means' to deal with oil volatility: Saudi Arabia

Agence France-Presse
Posted at Aug 23 08:44 AM

OPEC leader Saudi Arabia's energy minister said Monday that the oil cartel and its allies have the means to deal with market challenges -- including by "cutting production". Read more »

OPEC+ meets after Biden push to hike oil output

Agence France-Presse
Posted at Aug 03 06:07 PM

OPEC+ meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame soaring prices. Read more »