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Business News > Mint Authors > Angelina Rascouet

Angelina Rascouet

ARTICLES BY ANGELINA RASCOUET

Donald Trump has taken to Twitter to slam Opec for high oil prices. Photo: AFP

Donald Trump slams Opec as cartel pushes harder for high oil prices

3 min read . 20 Apr 2018

US shale oil production is already growing rapidly and higher prices could prompt another surge in drilling. File photo: Leonhard Foeger/Reuters

Oil rally has bulls on top, but $60-plus prices seen as hard to sustain

3 min read . 26 Sept 2017

Algeria’s energy minister Noureddine Boutarfa at the OPEC headquarters in Vienna, Austria, on Thursday. Photo: AP

OPEC insiders reel as Algerian minister Boutarfa is fired during their meeting

3 min read . 28 May 2017

Opec is allegedly not including an option to add three more months beyond the stipulated time frame. Photo: Leonhard Foeger/Reuters

Opec said to extend oil output cuts for 9 months to end global glut

2 min read . 25 May 2017

Opec and its allies are almost three months into a deal to reduce production in a bid to eliminate a global oil-inventory surplus after three years of glut. Photo: Reuters

Opec and allies said to improve compliance with oil-output cuts

1 min read . 18 Mar 2017

Overall, Opec’s production fell to 32.17 million barrels a day in February, a 65,000 barrel-a-day drop from January. Photo: AFP

Saudi Arabia still bears brunt of oil cuts as Opec output drops

1 min read . 02 Mar 2017

Saudi Oil Minister Khalid Al-Falih emerged from the OPEC meeting room on Saturday after having endured months of secret petro-diplomacy, late-night phone calls and, a few times, disagreements that almost saw talks collapse. Photo: AFP

How Saudi minister jolted the oil market

4 min read . 12 Dec 2016

A soldier stands guard outside the Opec headquarters on the eve of the 171st meeting of the Organization of the Petroleum Exporting Countries in Vienna on Tuesday. Photo: AFP

Opec deadlocked as Iran, Saudis harden positions on oil output deal

3 min read . 30 Nov 2016

In a worst-case scenario, Saudi Arabia will have to cut production by more than 1 million barrels a day, sending the kingdom’s output to a two-year low. Photo: Reuters

Saudi Arabia faces deeper Opec cuts as Iraq opts out of deal

4 min read . 26 Oct 2016

Khalid Al-Falih, Saudi Arabia’s energy minister. Photo: Bloomberg

Saudi Arabia to select nuclear power-plant site very soon: minister

1 min read . 20 Oct 2016

If Opec sticks to its new target, the market’s rebalancing could come faster, according IEA, which last month said the surplus would persist into late 2017. Photo: AFP

IEA sees oil market rebalancing faster if Opec implements deal

2 min read . 11 Oct 2016

A handout picture provided by the office of Iranian President Hassan Rouhani shows him meeting with Opec oil cartel secretary general, Nigeria’s Mohammed Barkindo (left), in Tehran earlier this week. Photo: AFP/HO/Iranian presidency

Opec focus shifts from freeze to output ceilings as unity sought

3 min read . 10 Sept 2016

Members of the Opec are planning to hold talks in Algeria next month when they gather for a meeting of the International Energy Forum. Photo: Reuters

Opec still faces same obstacles to agree on oil-output limit

3 min read . 09 Aug 2016

Pumping Jacks at the Chevron section of the Kern River Oil Field near Bakersfield, California. Photo: Mark Ralston/AFP

Oil industry to cut $1 trillion in spending after price slump

2 min read . 15 Jun 2016

China accelerated the devaluation of the yuan on Thursday, sending currencies across the region reeling and domestic stock markets tumbling, as investors feared the Asian giant was kicking off a virtual trade war against its competitors. Photo: Reuters

Oil slides to 12-year low on China turmoil

3 min read . 08 Jan 2016

The daily price of 12 crudes produced by the Opec stood at $33.76 a barrel on Monday, the lowest in 7 years. Photo: Bloomberg

Never mind $35, world’s cheapest oil is already close to $20

3 min read . 15 Dec 2015

Exports into Iran’s main markets in Asia and Europe have more than doubled, growing by 420,000 barrels a day from 2011 to 2014, according to data compiled by Trade Map, a database of trade flows between nations. Photo: Reuters

Russia seen as biggest oil-market loser when Iran comes back

3 min read . 06 Jul 2015

Brent futures have rebounded 20% to $55.90 a barrel on the London-based ICE Futures Europe exchange from the five-year low reached on 13 January. Photo: AFP

New glut concern emerges as oil refineries ramp up output

3 min read . 14 Mar 2015