EM initially benefitted from the FOMC decision, but softened into the weekend. One culprit was lower oil prices, as reports suggest an output deal is unlikely at the OPEC meeting this week in ...

President Donald Trump called on OPEC states to slash oil prices as a way to get Russia to the negotiating table and bring an end to the war in Ukraine — but the move could backfire on the US ...

President Donald Trump said he plans to use tariffs to drive manufacturing back to the U.S. He also urged OPEC nations to lower oil prices, predicting this will decrease inflation and allow for ...

Some of that extra cash would go to Saudi Arabia, some to Nigeria, some to the nine other OPEC members, and some to Scott Sheffield. Sheffield faces the possibility of criminal charges ...

NEW YORK (Reuters) -Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum. Uncertainty over ...

The International Monetary Fund downgraded its growth forecasts for Saudi Arabia by more than any other major economy it tracks, citing the decision by the oil alliance OPEC+ to extend production ...

Mubasher: The International Energy Agency (IEA) and OPEC have released their January oil market reports, outlining their views on oil demand for 2025, according to a detailed Emirates NBD Research ...

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NEW DELHI, Jan 17 (Reuters) - OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained ...

OPEC's share of India's crude oil imports rose to 51.5% in 2024, ending a nine-year decline. Russia remains India's top oil supplier, but imports dipped to a 17-month low in December. Middle ...

New Delhi: India’s oil product demand rose by 419,000 barrels per day (tb/d) in November 2024, marking a 7.9% year-on-year increase, as diesel, gasoline, and LPG consumption drove growth, according to ...