Iraq says any action to raise oil output won"t be unilateral: ministry spokesman
Iraq is committed to the global supply cuts taken by OPEC and its allies and any decision to raise or decrease production must be taken collectively by OPEC, an Iraq oil ministry spokesman told Reuters on Monday......»»
Kazakhstan confirms global deal to cut oil output by 9.7 million bpd
Kazakhastan's Energy Ministry said on Sunday it confirmed reports that the OPEC+ group of countries had agreed to cut the global oil output by 9.7 million barrels per day for two months starting on May 1......»»
U.S. senators press Saudi officials to put oil cut in motion
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output......»»
U.S. senators hold call with Saudi officials urging them to put oil cut in motion
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output......»»
Kremlin calls for coordinated joint action on global oil markets
Russia wants coordinated joint action to stabilise global oil markets, Kremlin spokesman Dmitry Peskov said on Thursday ahead of a meeting between OPEC and non-OPEC producers......»»
Saudi, Russia debate record oil cut as U.S. resists action
OPEC and Russia will discuss record oil output cuts on Thursday to support prices hammered by the coronavirus crisis but talks are complicated by internal disagreements and the reluctance of the United States to join in any action......»»
Iran"s death toll from coronavirus rises to 1,284: official
The new coronavirus is killing one person every 10 minutes in Iran, the health ministry spokesman tweeted on Thursday, as the death toll in the Middle East's worst-affected country climbed to 1,284......»»
Volkswagen"s Spanish unit SEAT to stop on Monday: spokesman
The main plant of Volkswagen AG's Spanish unit Seat in Martorell near Barcelona will stop output on Monday for an unspecified time due to logistical problems linked to the coronavirus epidemic, a company spokesman said on Friday......»»
Chinese foreign ministry spokesman pushes coronavirus conspiracy theory that the US Army "brought the epidemic to Wuhan"
Jerry Lampe/R.....»»
A rocket attack on a coalition base in Iraq killed 2 US troops and injured a dozen other people
U.S. Army photo by Spc. Caroline Schofer Camp Taji, an Iraqi base housing US and coalition troops, was struck by rockets on Wednesday, an Operation Inherent Resolve spokesman revealed. OIR sai.....»»
UAE joins Saudi in opening oil taps as row with Russia slams crude prices
The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff with Russia that has hammered global crude prices......»»
UAE joins Saudi in opening oil taps as row with Russia hits crude prices
The United Arab Emirates joined Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two Gulf Arab oil producers in OPEC took a united stand in a standoff with Russia that has hammered global crude prices......»»
Iraq in touch with OPEC+ to discuss oil price fall: ministry
Iraq is in touch with other OPEC+ members to discuss ways to stop an oil price collapse, the oil ministry said on Tuesday, adding that flooding markets was not in the best interest of producing countries......»»
Barclays cuts 2020 oil price outlook on price war, virus impact
Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC's failure to convince its allies including Russia to cut production further, which led to Saudi Arabia saying it would raise its output in April despite sluggish global demand......»»
Barclays cuts 2020 oil price outlook on price war, virus impact
Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC's failure to convince its allies including Russia to cut production further, which led to Saudi Arabia saying it would raise its output in April despite sluggish global demand......»»
Iraq reports eight new coronavirus cases: state news agency
Iraq reported eight new coronavirus cases on Friday, 5 in Baghdad, 2 in Sulaimaniya and one case in Karbala, state news agency reported quoting health ministry......»»
Iraq puts France and Spain on coronavirus entry ban list
Iraq has banned entry to travelers coming from France and Spain, the Foreign Ministry said on Friday, bringing the total number of countries on its entry ban list to 11 as it tries to stem the spread of coronavirus......»»
OPEC backs biggest oil cut since 2008 crisis, awaits Russia
OPEC agreed on Thursday to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices that have been hit by the coronavirus outbreak, but made its action conditional on Russia and others joining in......»»
Oil falls as coronavirus spread beyond China heightens demand fears
Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market......»»
Oil prices slide as coronavirus spread beyond China raises demand worries
Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country, while major crude producers stood pat on taking early action to cut output to support the market......»»
Futures Movers: U.S., global oil prices split ways as OPEC+ recommends deeper output cuts amid coronavirus, but takes no action
Oil futures are mixed on Thursday, with U.S. prices hea.....»»