News National Business News National Business Brunei mulls curbing oil output in line with OPEC+ pact As COVID-19 pandemic slashes energy demand, oil producers seek to shore up crude prices April 22, 2020 BANDAR SERI BEGAWAN – Brunei will consider cutting oil output in cooperation with OPEC, the second minister of finance and economy said Tuesday,…
News World Business News World Business Qatar to quit Saudi-dominated OPEC in 2019 Doha says the surprise move has ""nothing to do" with Saudi-backed blockade December 5, 2018 DOHA (AFP) – Qatar will leave OPEC next month in order to focus on gas production, the Gulf state’s new Energy Minister Saad…
News World Business News World Business Oil producers see oversupply, call for new strategies Oil prices have shed a fifth of their value in just one month after surging to a four-year high in early October November 12, 2018 ABU DHABI (AFP) –Â Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production…