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Oil prices plunged this year as the market reeled from the effects of the COVID-19 pandemic, which depressed demand amid a worldwide economic shutdown....
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Oil prices plunged this year as the market reeled from the effects of the COVID-19 pandemic, which depressed demand amid a worldwide economic shutdown....
Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production, President Vladimir Putin said Friday. Putin said Russia...
The Russian ruble tumbled Monday to a four-year low amid a crash in oil prices as authorities rushed to assure the public the country...
The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand...
Brazil’s President Jair Bolsonaro said Wednesday he was keen for his country to join OPEC, a move that would add the oil producer to...
Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices...
OPEC’s secretary-general has complained of what he called “unscientific” attacks on the oil industry by climate change campaigners, calling them “perhaps the greatest threat...
OPEC agreed Monday to extend by nine months daily oil output cuts aimed at supporting prices and soaking up excess supplies, following last weekend’s...
OPEC kingpin Saudi Arabia and key producer United Arab Emirates said Sunday oil supplies were sufficient and stockpiles were still rising despite massive output...
Oil supplies were sufficient and stockpiles were still rising despite massive output drops from Iran and Venezuela, said OPEC kingpin Saudi Arabia and key...