Organization of Petroleum Exporting Countries (OPEC)

OPEC+ makes surprise 1 million-barrel oil production cut - THE EDGE SINGAPORE

Oil & Gas

OPEC+ makes surprise 1 million-barrel oil production cut

The move adds up to a production cut of about 1.1 million barrels a day starting next month, which is a significant reduction.


How will the oil price plunge impact renewable energy?

SINGAPORE (April 9): Burning more fossil fuel hurts the environment, but with crude oil prices staying way below the historical peak, the lure of basic economics has stymied the pace in which renewable energy is used as an alternative.


All eyes on the 'Aramco effect', post IPO

(Dec 2): You have heard it. Oil giant Saudi Aramco has begun the book-building exercise for possibly the largest IPO ever, given its plans to raise up to US$25.6 billion ($34.9 billion) from investors looking to participate in the most profitable company


Saudis say Aramco IPO 'on track' as all options open for listing

(Dec 20): Saudi Aramco’s IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country’s finance minister said.

Brent crude jumps above US$65 for 1st time since 2015 after North Sea pipeline outage

SINGAPORE (Dec 12): Brent crude oil prices jumped above US$65 ($88) per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led prod

OPEC says 'extraordinary' steps needed for stable market in 2018

(Oct 9): Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said.

Crude Oil

OPEC deadlocked as Iran, Saudis harden positions on oil deal

DUBAI/MOSCOW/LONDON (Nov 30): An OPEC deal to curtail oil production and prop up global prices appeared in jeopardy as Iran said it won’t make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role in any agreement.

Why September could be huge for markets all around the world

(Sept 1): The first debate of the US presidential campaign. A Group of 20 (G20) central bank interest rate announcement nearly every other trading day. And a key meeting among commodity nations around the world.