GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s president. Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of … Read more
Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register HOUSTON, June 27 (Reuters) – Oil prices traded higher on Monday in a volatile session as investors waited for any moves against Russian … Read more
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Russia overtakes Saudi as top supplier after 19-month gap Russian imports nearly 2 mln bpd in May Imports from Malaysia more than doubled in May … Read more
WASHINGTON, June 14 (Reuters) – U.S. President Joe Biden will meet Saudi Crown Prince Mohammed bin Salman during a trip to the Middle East in July, in a break with his campaign pledge of making the kingdom a “pariah” as he struggles to combat record high U.S. gasoline prices. Weeks after taking office, Biden shifted … Read more
June 11 (Reuters) – Iran and Venezuela signed a 20-year cooperation plan in Tehran on Saturday as the two countries, among the world’s top oil producers, grapple with U.S. sanctions that are crippling their exports. The signing ceremony, carried by Iranian state TV, was overseen by Iranian President Ebrahim Raisi and his Venezuelan counterpart Nicolas … Read more
HOUSTON/WASHINGTON, June 5 (Reuters) – Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela. The volume … Read more
Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 1 (Reuters) – Oil prices rose on Wednesday after European Union leaders agreed to a phased ban on Russian oil and as China ended its … Read more
RIYADH, May 31 (Reuters) – Russian Foreign Minister Sergei Lavrov arrived in Saudi Arabia on Tuesday, Saudi state media said, on a visit that Gulf officials said would feature a meeting with foreign ministers from the Gulf Cooperation Council (GCC) states. Lavrov, who also visited Bahrain earlier on Tuesday, is expected to meet ministers from … Read more
FILE PHOTO – Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$100” in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Gulf producers may hike output if Russia suspended from OPEC+ – WSJ Benchmarks end May … Read more
Russian forces advance slowly on Sievierodonetsk city centre Thousands of civilians trapped in Sievierodonetsk EU resolves impasse over Russian oil ban KYIV, May 31 (Reuters) – Ukrainian forces were still holding out in Sievierodonetsk on Tuesday, resisting Russia’s all-out assault to capture a bombed-out wasteland that Moscow has made the principal objective of its invasion … Read more