Opec

Global oil demand on course for record as China’s economy rebounds

International Energy Agency’s expectation for 2023 is 2m bpd higher than last year’s figure

Jillian Ambrose Energy correspondent

14, Apr, 2023 @10:51 AM

Oil price surges after surprise Opec+ production cut

Move by world’s largest producers likely to unsettle western nations grappling with inflation

Kalyeena Makortoff

03, Apr, 2023 @3:05 PM

Brazil, Indonesia and DRC in talks to form ‘Opec of rainforests’

Spurred by Lula’s election, the three countries, home to half of all tropical forests, will pledge stronger conservation efforts

Patrick Greenfield

05, Nov, 2022 @8:00 AM

Soaring diesel prices a ‘severe shock’ to UK motorists, says RAC

Cost rose by 10p a litre to average of 190.5p in October in third worst monthly increase on record

Alex Lawson Energy correspondent

03, Nov, 2022 @12:01 AM

Biden implores US oil companies to pass on record profits to consumers

US president announces release of 15m barrels of oil from strategic reserve as he fights to keep gas prices in check before midterms

Dominic Rushe and Lauren Aratani in New York

19, Oct, 2022 @6:32 PM

BAE Systems in middle of dogfight between Saudis and Biden over oil

As the row between the US president and the Gulf kingdom over increasing oil production escalates, the UK arms industry giant may have to choose which of its two lucrative customers to side with

Alex Lawson

15, Oct, 2022 @11:05 PM

Australian fuel prices likely to rise as Opec+ countries cut oil production to ‘squeeze the market’

Cuts by world’s biggest petrol producers will work against other governments’ efforts to tame inflation by releasing fuel stocks

Royce Kurmelovs

15, Oct, 2022 @12:00 AM

Let Saudi Arabia’s friendship with Putin be a wake-up call for the west | Simon Tisdall

Prince Mohammed bin Salman can no longer be allowed privileged access to, and support from, western leaders, says the foreign affairs commentator Simon Tisdall

Simon Tisdall

13, Oct, 2022 @12:12 PM

Why is the US so angry with Saudi Arabia about oil supply cuts?

Joe Biden has threatened ‘consequences’ after Opec+ decided to reduce output in a decision that will benefit Russia

Archie Bland

13, Oct, 2022 @9:33 AM

Democrats issue fresh ultimatum to Saudi Arabia over oil production

Members of Congress raise prospect of one-year arms sales ban unless kingdom reverses Opec+ decision to cut output

Stephanie Kirchgaessner and Julian Borger in Washington

13, Oct, 2022 @1:48 AM

Saudi Arabia is choosing friends on its own terms and Biden is not one of them

Reactions in Washington to slashing oil supply have not concerned Mohammed bin Salman; nor have the optics of indirectly boosting Putin’s war

Martin Chulov Middle East correspondent

12, Oct, 2022 @5:29 PM

Saudi Arabia will face ‘consequences’, says Biden, amid anger at cuts in oil output

Moves by Opec+ to reduce production seen as siding with Putin over the US just as midterms loom