Opec

OPEC+ sticks with plan to keep oil flow steady amid turmoil in Venezuela

The oil cartel and its allies are awaiting clarity on whether the shock US capture of Venezuela leader Nicolas Maduro will impact supplies.

UAE withdraws remaining forces in Yemen in crisis with Saudi Arabia

Smoke rises in the aftermath of a Saudi-led coalition airstrike, which targeted what it described as foreign military support to UAE-backed southern separatists, in Yemen's southern port of Mukalla, in this screengrab from a handout video obtained by Reuters on December 30, 2025. SABAA TV/Handout via REUTERS

Oil rises after Opec+ pauses output hikes beyond December amid glut fears

Opec Secretary-General Haitham al-Ghais (centre), attending a plenary session of the Russian Energy Week forum in Moscow on Oct 16.

Saudis cut oil prices for Asia as Opec+ ramps up output

State producer Saudi Aramco is lowering the price for its flagship crude to its biggest market by US$1 a barrel for shipments in October.

Kuwait oil minister says OPEC monitoring market, Trump remarks on Russian oil

FILE PHOTO: A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer/File Photo

Oil drops after Opec+ supply hike amplifies concerns over glut

Another major output increase from Opec+ comes as the US-led trade war may be exacting a toll on economic growth and energy consumption.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.