OPEC News
Saudi Arabia cuts crude oil prices for Asia to 5-year low amid rising signs of surplus reserves — here are the details
OPEC member Saudi Arabia has slashed its crude oil selling price to Asia for January 2026 to a five-year low amid rising signs of surplus reserves in the oil market. The January Arab Light crude oil official selling price to Asia dropped to $0.60 a barrel above the Oman/Dubai average.
1 min read4 Dec 2025TAKE FIVE: The smoke and fog of December afternoons
GLOBAL-MARKETS/THEMES (UPDATE 1):TAKE FIVE: The smoke and fog of December afternoons
4 min read1 Dec 2025OPEC set to hold oil output policy steady on Sunday, sources say
OIL-OPEC/ (PIX):OPEC set to hold oil output policy steady on Sunday, sources say
1 min read29 Nov 2025Oil gains on optimism US government to reopen soon
GLOBAL-OIL/:Oil gains on optimism US government to reopen soon
1 min read10 Nov 2025Oil prices edge up on worries about Russian output and limited OPEC production increase
GLOBAL-OIL:Oil prices edge up on worries about Russian output and limited OPEC production increase
2 min read8 Oct 2025Trump likens homebuilders to OPEC keeping ‘oil prices high’; calls on federal lenders to ‘restore the American dream’
Donald Trump compares US homebuilders to OPEC, accuses them of hoarding land, and urges Fannie Mae and Freddie Mac to boost housing construction.
2 min read6 Oct 2025Mint Explainer | A decision by OPEC+ to increase output augurs well for India's $137-bn crude oil import bill
As OPEC+ considers raising production targets, India stands to gain significantly from easing prices. The International Energy Agency projects India will drive global oil demand growth through 2030.
2 min read5 Oct 2025OPEC Nears Accord for Modest November Production Hike
OPEC is close to an agreement in principle to make another modest supply increase for November as the group continues efforts to recoup its share of global oil markets, delegates said.
2 min read5 Oct 2025Oil Advances as Trump’s Deadline for Hamas Revs Up Risk Premium
Oil climbed as US President Donald Trump’s warning of stark consequences if Hamas doesn’t agree to his plan to end the war in Gaza overshadowed an impending OPEC decision on crude supplies.
2 min read4 Oct 2025Oil Curve Watched by OPEC Is Tanking Just Before Supply Meeting
Ever since OPEC started ramping up supplies in April, the group has drawn reassurance from one key oil indicator: the price curve. As it prepares to meet this weekend, that gauge is faltering.
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