Gulf OPEC members seek to revive global oil output deal
Vienna: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact.
Jun 01, 2016, 18:34 PM IST
Saudi oil minister sacked by royal decree
Saudi Arabia`s long-serving oil minister Ali al-Naimi has been sacked as part of a major government overhaul, according to a royal decree announced Saturday by state media.
May 07, 2016, 20:02 PM IST
Saudi says oil price slump should not stop investment
Oil prices have slumped by more than 50 percent since the middle of last year amid a worldwide supply glut, prompting the cancellation of a string of major investment projects.
Nov 19, 2015, 21:19 PM IST
OPEC agrees to keep pumping as oil glut fears persist
Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.
Jun 05, 2015, 19:13 PM IST
Oil prices rise after OPEC keeps low output target
Oil prices rose on Friday, breaking a two-day losing streak, after OPEC ministers maintained their existing oil production target for another six months at a level below current output.
Jun 05, 2015, 18:00 PM IST
Oil prices edge higher
Oil prices edged higher Tuesday as a weaker dollar offset disappointing manufacturing data out of top energy consumer China, traders said.
Mar 24, 2015, 19:12 PM IST
