A top Iranian official urged Islamic countries to halt oil shipments to Israel, briefly causing a jump in crude prices.
Category: Organization of the Petroleum Exporting Countries
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Oil Prices on a March Toward $100 a Barrel
Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
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Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
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Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia
The move reflected renewed efforts by the two major exporters to bolster the price of crude.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Russia and Saudi Arabia’s Oil Partnership Shows Strain
Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.
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Saudi Arabia Cuts Oil Production to Boost Prices
Brent crude rose on Monday after the world’s biggest oil producer announced it would be the lone OPEC Plus member to cut production next month.
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Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices
OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month.
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OPEC Plus May Consider Cuts in Oil Production
The group of major oil producers and Russia will meet this weekend to discuss a swoon in oil prices.
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The Week in Business: Cuts to Oil Production
Job growth last month continued at a steady, but slower pace. The Biden administration unveiled its plans for the I.R.S. And a new inflation reading comes out.