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Business

  • OPEC Meeting
The enlarged crude producing club had already decided in December to remove 1.2 bpd
OPEC extends oil output cuts by nine months
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  • OPEC
The cartel meanwhile remains on red alert over escalating US-Iran tensions
Oil prices surge after Russia-Saudi output cap
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  • Oil Market
The output-cutting pact expired on Sunday
OPEC set to prolong oil supply cut
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  • OPEC Meeting
OPEC is mindful of how sudden sharp increases in oil prices can crimp economic growth
OPEC on red alert over rising US-Iran tensions
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  • Tanger Med port
Tanger Med is the biggest port in Africa
Tanger Med port to become Mediterranean's largest
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  • Iran Sanctions
World markets have rallied since Trump last week flagged positive phone talks with Xi
US, Iran tension sends gold to six-year high
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  • G20 summit
"The geopolitical escalation in the Middle East is unquestionably a bullish short-term signal for oil markets"
Oil prices extend gains ahead of G20 meeting
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  • Expo 2020
A woman walks past the logo of Expo 2020 in Dubai, United Arab Emirates
Expo 2020 Dubai on track, organisers moving fast
N.P. Krishna Kumar
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  • Oil Market
Fears of a conflict in the crude-rich Middle East ratcheted up Thursday
Oil prices tick lower
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  • Strait of Hormuz
Safety first
KLM suspends flights over Strait of Hormuz
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  • Turkey Inflation
Turkish Finance Minister Berat Albayrak
Turkish opposition calls inflation data ‘fictional’
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  • OPEC Meeting
The 176th meeting of the OPEC Conference will be on July 1
OPEC to meet in Vienna July 1-2
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  • Business licences in Libya
Libyan Minister of Economy Ali Abdulaziz Issawi said some firms had operated without a licence for a long time
Foreign firms seek to renew Libya licences
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  • US sanctions on Iran
Mutual interests first
France shuns Iran for Saudi oil
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  • Oil Market
Several OPEC sources said the most likely scenario now was keeping the production cut steady in the second half of 2019
Algeria floats idea of larger OPEC+ oil cut
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  • OPEC
Saudi Energy Minister Khalid al-Falih
Falih says OPEC close to deal on extending oil agreement
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