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UAE, Saudi doing their part to balance oil markets, say ministers | Money

DUBAI, March 29 The energy ministers of Saudia Arabia and the United Arab Emirates, key members of Opec+, said today the producers’ group should not engage in politics as pressure mounted on them to take action against Russia over its invasion of Ukraine. Asked by the moderator at an industry. ....

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No need for hasty decisions in oil market over Omicron, Russia's Novak says | Money

MOSCOW, Nov 29 Russia sees no need for urgent action on the oil market over the new Omicron coronavirus variant, Deputy Prime Minister Alexander Novak was quoted as saying today, downplaying possibility of changes to a global oil deal. The Organisation of the Petroleum Exporting Countries and. ....

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IEA urges Opec to take 'necessary steps' to lower oil prices | Money

PARIS, Nov 24 The head of the International Energy Agency today called on Opec and its allies to take measures to help bring oil prices down to “reasonable levels”. “I very much hope to see in the next meeting or meetings they. make the necessary steps in order to comfort the global oil. ....

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