OPEC+ - Global Business Magazine

Oil steady as supply disruptions offset Omicron fears

Global Business Magazine January 10, 2022

Oil prices were largely steady on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise Read More

Global Business Magazine January 6, 2022

The world's top oil exporter, Saudi Arabia, has cut the official selling price (OSP) for all grades of crude it is selling Read More

Global Business Magazine January 6, 2022

Asian share markets slumped on Thursday and European stocks were poised for a lower open after Federal Reserve meeting minutes pointed to Read More

Global Business Magazine January 5, 2022

Oil prices held near $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors Read More

Global Business Magazine January 5, 2022

Most major stock markets in the Gulf rose in early trade on Wednesday, shrugging off concerns that the Omicron coronavirus variant could Read More

Global Business Magazine January 4, 2022

While many New Year Eve celebrations across the world were scaled down or cancelled due to the surge of the Omicron coronavirus Read More

Global Business Magazine January 4, 2022

Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at Read More

Global Business Magazine January 3, 2022

OPEC+ expects the impact on the oil market from the Omicron coronavirus variant to be mild and temporary, keeping the door open Read More

Global Business Magazine January 3, 2022

Oil rose towards $79 a barrel on Monday supported by tight supply and hopes of further demand recovery in 2022 spurred in part by Read More

Global Business Magazine December 27, 2021

Oil fell on Monday after U.S. airlines called off thousands of flights over the Christmas holidays amid surging COVID-19 cases, though Read More