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Road to Net Zero

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Road to Net Zero

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Opec

Latest news from the body based in Vienna, regulating global oil production and pricing

The Saudi Arabian energy minister Khalid Al Falih, Russian energy minister Alexander Novak, Kuwaiti oil minister Essam Al Marzouq and Opec secretary general Mohammad Barkindo meet in St Petersburg, Russia. Anton Vaganov / Reuters

Oil rebounds after Saudi Arabia pledges export cut

EnergyJuly 24, 2017

Opec secretary general Mohammad Barkindo sees better second half for rebalancing of oil market. Ozan Kose / AFP

Opec chief says oil rebalancing to gain momentum: Update

EnergyJuly 23, 2017

Opec’s attempts to build up the oil price are not going far enough as US producers are keeping the pressure up and building inventories. Darrin Zammit Lupi / Reuters

Market analysis by Hussein Al Sayed: The two forces pressing down on oil prices

MarketsJuly 21, 2017

Despite a period of sustained low oil prices Saudi Arabia is still far from any kind of fiscal crisis. Above, the Shaybah oilfield complex in the Rub’ al Khali desert. Ali Jarekji / Reuters

Weak oil prices squeezing Saudi Arabia’s coffers, but reserves won’t run dry – for now

BusinessJuly 21, 2017

A worker checks the valve of an oil pipe at an oilfield outside the West Siberian city of Kogalym. Russia has been slow to contribute in the global production cut agreed late last year. Sergei Karpukhin / Reuetrs

Why mood shifted in the global oil market – and might shift again

BusinessJuly 21, 2017

Luke Sharrett / Bloomberg

Oil pares gains as industry is said to post surprise crude build

EnergyJuly 19, 2017

Ecuador has pulled out of Opec's production cut deal, citing needs for funds. AFP

Ecuador exits deal to cut oil output, in blow to Opec unity

EnergyJuly 18, 2017

Opec cuts to weigh on GCC economic growth, but UAE is better prepared

EnergyJuly 15, 2017

BP's chief executive Bob Dudley. Pat Sullivan / AP Photo

BP's quiet American Bob Dudley remains a study in resilience

EnergyJuly 13, 2017

An Austrian soldier stands guard outside the OPEC headquarters last year. IEA said Thursday OPEC adherence to oil output cut sinks to six-month low. JOE KLAMAR/AFP

Opec compliance with oil cuts at lowest in six months, says IEA

BusinessJuly 13, 2017

An oil well near Tioga, North Dakota. Higher oil prices may encourage US shale producers to reactivate wells. Karen Bleier / AFP

Expanding Opec output halts longest oil run of the year

BusinessJuly 04, 2017

Opec left itself vulnerable to the quick return of US shale oil and the recovery of production in exempt members. Ramzi Boudina / Reuters

Oil glut set to increase on US shale production

EnergyJuly 02, 2017

Oil price in grip of the bears as it hits lowest level this year

BusinessJune 22, 2017

New Saudi crown prince to maintain oil policy

BusinessJune 22, 2017

A number of forecasters, including the International Energy Agency, are now suggesting that the oil market will not even be balanced in 2018. Luke Sharrett / Bloomberg

Oil production will get harder to balance as time goes on

BusinessJune 18, 2017

IEA warns of ‘sobering’ outlook on oil in first look at next year

BusinessJune 14, 2017

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