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Road to Net Zero

Music & On-stage

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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

Brent has dropped about 15 per cent since reaching $91 a barrel in April, due to concerns over weakening demand, particularly in China. Getty

Oil's geopolitical risk premium fades as Israel-Gaza ceasefire talks progress

EnergyAugust 21, 2024

A crude oil pump in Walsheim near Landau, Germany. The IEA now expects global oil consumption to grow by 950,000 barrels per day next year. EPA

China's slump pulls down global oil demand outlook

EnergyAugust 13, 2024

North Oil Company installations in the province of Kirkuk, north of Baghdad. AFP

Iraq joins forces with BP to develop Kirkuk oil and gas fields

EnergyAugust 01, 2024

In June, the producer alliance agreed to extend output cuts of 3.66 million barrels per day. Reuters

Opec+ sticks to output policy amid continued volatility

EnergyAugust 01, 2024

Storage tanks at a refinery in Los Angeles, US. Crude production worldwide is projected to reach 104.6 million bpd, according to the EIA. Reuters

Oil market to be in supply deficit amid Opec+ production cuts

EnergyJuly 10, 2024

An oilfield in Midland, Texas. Global oil demand is expected to hit 104.5 million barrels a day this year. Reuters

Oil makes weekly gain on strong demand outlook

EnergyJune 14, 2024

An oil platform in the North Sea. Global oil demand is projected to be 3.2 million bpd higher in 2030 compared to last year, according to the IEA. Reuters

IEA: Global oil glut looms by decade's end as non-Opec+ supply grows

EnergyJune 12, 2024

The Opec+ decision means mildly lower prices for now, but likely higher prices over the longer term as the group regains some market share. Reuters

Is latest Opec+ decision good or bad for oil prices?

EnergyJune 10, 2024

Russia's Deputy Prime Minister Alexander Novak, right, and Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman, at the St Petersburg International Economic Forum. Reuters

Saudi minister blames media and analysts for 'fiddling' with oil market

EnergyJune 06, 2024

Oil prices dip despite Opec+ extending production cuts

EnergyJune 03, 2024

Opec+ member countries have been co-ordinating output cuts to stabilise oil markets. Reuters

Opec+ extends output curbs until end of 2025

EnergyJune 02, 2024

Crude oil storage tanks at the Cushing oil hub in Oklahoma. US crude stocks decreased by 4.2 million barrels in the week that ended on May 24. Reuters

Oil set to record monthly loss on growing supply glut concerns

EnergyMay 31, 2024

Saudi Aramco shares closed at 29.1 riyals on Thursday. Reuters

Saudi Arabia aims to raise up to $12bn from sale of Aramco stake

EnergyMay 31, 2024

Exxon is set to acquire Pioneer Natural Resources in a $60 billion deal. Reuters

Former US oil executive accused of trying to collude with Opec

EnergyMay 02, 2024

Brent prices finally jumped above $90 per barrel last week for the first time since October. Reuters

Why the road ahead for Opec+ matters for oil prices

EnergyApril 08, 2024

Oil prices have gained more than 16 per cent since the beginning of the year. Reuters

Oil closes in on $90 after Opec+ sticks to supply cuts until June

EnergyApril 03, 2024

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