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Traders interpret delay as sign cartel is struggling to agree further production cuts
A falling oil price and the Israel-Gaza conflict create a potent backdrop for Sunday’s meeting of the oil cartel
Saudi Arabia prepares to prolong reductions into spring after price hits four-month low of $77
Brent drops almost 5% to close at $77.42 a barrel
It’s ridiculous to allow a handful of countries to block progress on the great dilemma of our age
Production cuts have lifted prices close to last year’s $100 per barrel average as the world produces less than it consumes
Prince Abdulaziz bin Salman defends lower output as crude nears $95 a barrel
Saudi Arabia and Russia have curtailed supplies in the face of record global demand
Fresh curbs risk stand-off with US, which wants lower prices to boost economy and squeeze Russian revenues
Oil refiners’ work is never over
Also in today’s newsletter, hedge fund bets on higher oil prices are evaporating
Host nation’s foreign minister was due to be one of first speakers at Vienna seminar
Also in today’s newsletter, China tops Japan as the largest car exporter
Also in today’s newsletter, a look at how ESG funds are performing versus their fossil fuel rivals
After three production cuts in eight months, it might be time for the organisation to take a breath
Russian crude trades $20 below benchmark prices and friendly refiners in countries such as India and China are slurping it up
Opec+ members agree new deal which will reduce quotas for weaker African states
Barring of journalists from this weekend’s Opec+ meeting underlines Prince Abdulaziz’s tempestuous reputation
Also in today’s newsletter, senator from coal-rich West Virginia in the spotlight
Reuters, Bloomberg and Dow Jones are denied invitations in decision driven by Saudi Arabia’s energy minister
Harbinger or just temporarily unhappy?
Oil cartel’s secretary-general Haitham Al Ghais says the agency is ‘finger pointing’
Led by a confident Saudi Arabia, the cartel wants to boost its revenues. But persistent inflation could result in weaker demand
Also in today’s newsletter, the US’s new role as an energy exporting superpower
Also in today’s newsletter, a look at what’s slowing the energy transition
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