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Business News > Mint Authors > Ahmad Ghaddar

Ahmad Ghaddar

ARTICLES BY AHMAD GHADDAR

The pledges will bring the total volume of cuts by the group known as OPEC+ since November to 3.66 million bpd according to Reuters calculations, equal to 3.7% of global demand (Photo: Bloomberg)

OPEC+ cuts put $100/bbl oil back in sight

3 min read . 03 Apr 2023

Russian exports of all commodities from oil and metals to grains will be severely disrupted by the new Western sanctions (AP)

Oil could jump back above $100 as traders assess Russia SWIFT ban: Analysts

2 min read . 27 Feb 2022

Opec+ expected to stay cautious

OPEC+ agrees to go ahead with planned Jan oil output hike

2 min read . 02 Dec 2021

OPEC+ internal data, in a report seen by Reuters, forecast a 3 million bpd surplus in the first quarter of 2022 after the release of reserves, up from a previous forecast of 2.3 million bpd (Photo: Reuters)

OPEC+ starts two days of talks amid oil price slide, Omicron fears

2 min read . 01 Dec 2021

OPEC+ likely to keep oil output policy unchanged: Report

2 min read . 04 Oct 2021

Industry benchmark Brent crude futures, which this month reached their highest since before the pandemic at $71 a barrel, have since fallen to about $65 (MINT_PRINT)

Saudi wants OPEC+ to extend oil cuts into May-June: Report

1 min read . 30 Mar 2021

Photo: Bloomberg

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

1 min read . 17 Nov 2020

A customer holds of a British Petroleum (AP)

Oil prices rise after big drop in U.S. crude stocks

1 min read . 05 Aug 2020

Fuel consumption and oil prices had recovered some ground as governments relaxed restrictions on population movements and the output cuts stemmed the glut. (REUTERS)

Covid-19 surge, renewed lockdowns fan fresh worries about global fuel demand

3 min read . 17 Jul 2020

Crude oil tankers. (REUTERS)

Oil jumps 10% after rout on stimulus hopes, Russian signal on OPEC talks

3 min read . 10 Mar 2020

OPEC, allies agree to deepen oil output cuts

2 min read . 05 Dec 2019

OPEC likely to defer output policy decision until June: Report

2 min read . 04 Mar 2019

Brent crude futures were up 28 cents at $69.31 a barrel at 3.48pm, not far off the three-year high of $70.37 reached on 15 January. Photo: AFP

Oil prices rise on IMF world growth outlook, Opec-led supply curbs

1 min read . 23 Jan 2018

Brent crude futures were trading 26 cents higher at $62.33 a barrel by 3.42pm, after hitting a session peak of $62.90, a 28-month high. Photo: Reuters

Oil prices rise to highest since mid-2015 on Saudi purge, tighter market

1 min read . 06 Nov 2017

Brent crude futures fell 38 cents to $58.64 a barrel by 3.30pm, having hit $59.49, the highest since July 2015. Photo: Reuters

Oil prices near 26-month high as Turkey threatens to block Kurdish exports

1 min read . 26 Sept 2017

Saudi Arabia would contribute around 0.5 million bpd by reducing output to 10.06 million bpd. Photo: Reuters

Opec agrees to first output cut since 2008, Saudi Arabia to take ‘big hit’

2 min read . 01 Dec 2016

Brent rallied to above $50 a barrel in late August, helped by growing talk of a coordinated production freeze, but prices have since fallen as few believe Opec will act. Photo: Reuters

Oil jumps amid talk of producer action to support prices

1 min read . 05 Sept 2016

Brent crude was down 4.5%, or $2.30, at $48.61 a barrel. It had fallen 6% earlier to $47.54. Photo: Susana Gonzalez/Bloomberg

Oil prices plunge as Britain votes to leave EU

2 min read . 24 Jun 2016

Oil prices slide, supply overhang in focus

2 min read . 08 Feb 2016