Opec

‘Staggering’ global oil surplus expected by 2030

Predictions of looming end of fossil fuel have been frustrated by an increase in oil production in US and Middle East

Wed Jun 12 2024 - 12:02

Regulators at last have oil-price fixing in their sights

The FTC’s ruling on Exxon-Pioneer deal shines a spotlight on the workings of Opec and industry executives

Sat May 11 2024 - 06:00

US regulator’s Opec collusion claim sets off tremor in oil patch

CEOs weighing mergers may think twice after FTC bars industry veteran from Exxon’s board

Fri May 03 2024 - 11:05

Angola quits Opec amid dispute over oil production quotas

Move shrinks oil cartel to 12 nations

Thu Dec 21 2023 - 15:43

Air fares set to push higher as oil prices surge

Ticket prices have already soared as airlines make the most of demand for travel

Fri Sept 22 2023 - 08:52

Board of Irish explorer Petrel Resources concerned about group’s survival

Almost €1m is owed to key management personnel in respect of remuneration due at the balance sheet date

Mon Sept 18 2023 - 14:04

Opec+ attempts to agree oil production cuts in Vienna

Cartel seeks to support price in face of African pushback on output reductions and criticism over Russia’s role

Sun Jun 04 2023 - 17:25

Stocks edge lower on US debt deal anxiety

But rally in major tech stocks pushes US indices higher

Tue May 30 2023 - 17:50

Exxon and Chevron profits slide from record highs

US oil majors facing weaker energy markets as global economy slows

Fri Apr 28 2023 - 16:03

Cuts by Opec+ ripple through global markets

The Iseq gave back 1 per cent, dragged lower by tourism and building materials stocks

Mon Apr 03 2023 - 18:42

A new world energy order is taking shape

Global oil trade is de-dollarising slowly but surely

Wed Jan 04 2023 - 16:38

Saudi Aramco posts second highest profit as oil prices surge

Economic slowdown pushes Aramco’s downstream unit, responsible for refining, chemicals and fuel distribution, to pretax loss of $1.1 billion

Tue Nov 01 2022 - 14:45

Opec+ agrees to cut output by 2m barrels a day

Move risks backlash from the White House and consumer countries in Europe already battling soaring energy inflation

Wed Oct 05 2022 - 16:14

Joe Biden expected to announce another big release of US oil reserves

White House due to step up efforts to contain crude prices amid high inflation

Thu Mar 31 2022 - 09:49

US to urge Israel, Morocco and Algeria to join sanctions against Russia

Blinken’s visit will also take in West Bank and will discuss regional issues and oil

Fri Mar 25 2022 - 15:50

Opec flags risk to oil demand from Ukraine war and inflation

Brent falls as low as $97.44 during Tuesday’s session

Tue Mar 15 2022 - 20:33

Oil heading for biggest weekly decline since November

Futures in New York fluctuated near $106 a barrel on Friday

Fri Mar 11 2022 - 07:29

Price of oil goes higher as US bans Russian crude

United Kingdom signals intention to phase out purchases of Russian oil by end of year

Tue Mar 08 2022 - 16:41

David McWilliams: Europe’s crisis a chance to shift away from reliance on Russian fossil fuels

Vladimir Putin has personally given the sustainable energy sector its biggest shot in the arm for years

Sat Mar 05 2022 - 06:00

The great price squeeze: when will it end?

The pandemic has been overtaken by a cost-of-living crisis that shows no sign of abating

Fri Feb 11 2022 - 05:30

Coalition urged to follow Swedish move to cut car fuel taxes amid rising energy bills

Country reduced forecourt prices last month to help people with rising costs of living

Fri Feb 04 2022 - 21:14

Cliff Taylor: Your energy bills are now only heading one way – higher

Energy supplies may be held hostage in Ukraine crisis with impact on prices across Europe

Sat Jan 29 2022 - 02:00

Irish petrol and diesel prices one-third higher than 2021

State the 17th most expensive country worldwide for fuel and 12th in Europe, says AA

Tue Jan 25 2022 - 17:09

US public’s desire for revolution is a figment of Democrats’ imagination

US Politics: Most people want a return to pre-pandemic normality, not drastic change

Tue Jan 11 2022 - 18:14

European shares gain as ‘buy the dip’ trumps Omicron fears

European markets buck weakness in Asia

Tue Dec 14 2021 - 10:21

Opec says US-led SPR oil release may swell surplus next year

USsaid it would release 50 million barrels of oil from strategic reserves

Thu Nov 25 2021 - 11:40

European shares rebound after four-day losing streak

Higher commodity prices offset fears around Covid-19 surge

Wed Nov 24 2021 - 09:37

Oil edges higher as investors sceptical about effectiveness of joint reserve release

The US is to release 50m barrels of oil from strategic reserves

Wed Nov 24 2021 - 08:25

Oil prices rise on slow Opec output increase

China ramps up operating rates to meet a spike in diesel demand

Tue Nov 02 2021 - 08:41

Despite everything it turns out we are still addicted to the black stuff

Market Beat: Uncomfortable truth for COP 26-bound world leaders as bets laid on $200 barrels of oil

Fri Oct 01 2021 - 17:14

Talk of $100 oil to send shudders through households

A cold spell in the Northern Hemisphere this winter could fuel demand and lift oil prices to $100 for the first time since 2014

Tue Sept 14 2021 - 05:30

Emirati and Saudi disagreements over oil production see them move further apart

The Emirati broke with the Saudis by establishing relations with Israel, while Riyadh has challenged the Emirates as a commercial hub

Fri Jul 09 2021 - 17:27

Opec+ abandons oil policy meeting after Saudi-UAE clash

Failure pushes Brent crude prices close to $77 a barrel, the highest since 2018

Mon Jul 05 2021 - 18:05

House builders shine on Iseq as wider European stocks advance

Overall gains capped by ongoing concerns over the Delta variant of coronavirus

Thu Jul 01 2021 - 18:59