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Business News > Mint Authors > Grant Smith

Grant Smith

ARTICLES BY GRANT SMITH

West Texas Intermediate crude jumped as much as 3.3% to $78.38 a barrel in New York, the highest in almost seven years

OPEC+ continues gradual monthly supply hikes; oil jumps

2 min read . 04 Oct 2021

OPEC + agreed to gradually add more oil supplies to the market after Saudi Arabia and the UAE resolved a dispute that was blocking the deal

OPEC+ agrees to boost oil output after Saudi Arabia, UAE end standoff

1 min read . 18 Jul 2021

With the cartel discussing its production policy not only for the coming months but also into 2022, the solution to the standoff will shape the market and industry into next year

OPEC+ crisis deepens as Saudi Arabia refuses to budge

5 min read . 05 Jul 2021

Graphic: Bloomberg

OPEC splits at its core, risking deal that underpins oil price

4 min read . 01 Dec 2020

In the U.S., crude stockpiles probably declined by 750,000 barrels last week, according to the median estimate in the Bloomberg survey (Photo: Bloomberg)

Brent crude rises to 4-month high on economic recovery hopes

2 min read . 21 Jul 2020

An oil pump jack pumps oil in a field near Calgary, Alberta (REUTERS)

OPEC+ may temper output rise with extra oil cuts from cheats

2 min read . 15 Jul 2020

Goldman Sachs Group Inc. sees gold prices at $2,000 over 12 months.

Gold is the stand-out winner this year so far. What to watch in commodities

5 min read . 27 Jun 2020

Journalists wait at the beginning of an OPEC meeting in Vienna, Austria (Photo: Reuters)

OPEC agrees to extend output cuts into 2020 as demand falters

3 min read . 01 Jul 2019

WTI for May delivery dropped as much as 72 cents to $62.82 a barrel on the New York Mercantile Exchange, and traded at $63.25 at 10.56am in London. Photo: Reuters

Oil prices thwarted by trade war fears as trump doubles down on tariffs

1 min read . 06 Apr 2018

The rally in oil prices shows that Opec and its allies are succeeding in clearing the glut triggered by the growth of US shale oil. Photo: Bloomberg

Oil prices reach $70 a barrel for first time in three years

1 min read . 11 Jan 2018

Saudi Arabia’s oil minister Khalid al-Falih (L) and Opec secretary-general Mohammad Barkindo suring the OPEC meeting in Vienna, Austria. Photo: Reuters

Opec said to agree on extending cuts in oil production to 2018 end

1 min read . 01 Dec 2017

Although its 14 members still pump 40% of the world’s oil, their share has dwindled from the days when Opec held the global economy in thrall. Photo: Reuters

Opec battle with US for oil supremacy nears day of reckoning

4 min read . 27 Nov 2017

The boom will turn the US, still among the biggest oil importers, into a net exporter of fossil fuels. Photo: Reuters

US seen dominating oil market after biggest boom

1 min read . 15 Nov 2017

Oil remains in a bear market amid concerns that rising supply from Libya to the US will counter production cuts from Opec and its partners. Photo: Bloomberg

Oil rebounds from biggest slump in four weeks on inventory drop

1 min read . 06 Jul 2017

Russia’s energy minister Alexander Novak, Saudi Arabia’s energy minister and Opec conference president Khalid al-Falih, and Opec secretary general Mohammad Barkindo attend a meeting of Opec and non-Opec producing countries in Vienna, Austria, on Thursday. Photo: Reuters

Opec, allies to extend oil cuts for nine months to end glut

3 min read . 26 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

Monitoring the 11 non-members collaborating in the deal could be even harder, as data for the smaller producers like South Sudan and Equatorial Guinea are very patchy. Photo: Reuters (Reuters)

Will Opec deliver its output cut deal?

4 min read . 06 Jan 2017

Brent for March settlement climbed $1.33 to $58.15 on the London-based ICE Futures Europe exchange, trading at a $2.22 premium to WTI for the same month. Photo: Reuters

Oil climbs to 18-month high as Kuwait and Oman fulfill Opec cuts

1 min read . 03 Jan 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