As the coronavirus hits China’s economy, threatening fuel demand, policymakers are weighing an emergency meeting to discuss cuts to crude output.
Tag: Organization of the Petroleum Exporting Countries
Saudi Aramco Stock Surges, but Questions Loom
The oil giant’s shares reached prices on the Riyadh exchange that make it the world’s most valuable public company.
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming
New supplies from Brazil, Canada, Guyana and Norway may add to a glut, posing a threat to producers in Saudi Arabia, Russia and the United States.
OPEC and Russia Seek to Support the Price of Oil
Oil ministers meeting this coming week are expected to continue an agreement to reduce production.
U.S. Risks Roiling Oil Markets in Trying to Tighten Sanctions
Oil purchases by China and India are undermining United States sanctions on Iran and Venezuela, but halting them could come at a cost.
That Punishing Blockade? ‘We’ve Moved On,’ Qatar Says
After its larger neighbors began a blockade of the tiny Gulf state, Qatar retooled its economy, beefed up its military and adjusted to the new reality.
Oil Prices Plummet 7% on Fears of a Glut
Higher production than expected in Russia and the United States suggest that an OPEC deal to reduce supply might not do enough to stabilize prices.
Qatar Says It Will Leave OPEC and Focus on Natural Gas
The Persian Gulf state, a modest producer of oil, hinted that it wanted freedom from a cartel dominated by Saudi Arabia, a regional rival.
Falling Oil Prices May Make Trump Happy but They Pose Risks for U.S.
While falling prices help consumers, another big decline of the kind the president is seeking could hurt the economy in oil-producing states like Texas.