OPEC kingpin Saudi Arabia and key producer United Arab Emirates said Sunday oil supplies were sufficient and stockpiles were still rising despite massive output drops by Iran and Venezuela.

Saudi, UAE see sufficient oil supplies, rising stocks

Major crude producers are set to meet Sunday to discuss how to stabilise a volatile oil market amid rising US-Iran tensions in the Gulf, which threaten to disrupt supply.

Oil producers meet to discuss output amid Iran tension

Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.

Oil stocks still building, but OPEC to act if needed: Saudi Arabia's Energy Minister

Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain.

Oil lifted to $73 by real and threatened supply cuts

Oil prices pared their gains on Tuesday, after global benchmark Brent crude rose above $73 a barrel, as the market grew less worried that a rebellion against Venezuelan President Nicolas Maduro would hit the country's crude exports.

Oil pares gains as fears ease on Venezuelan exports

Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from US sanctions on Iran, but analysts said markets remained tight.

Oil dips as rising OPEC, US output seen making up for Iran sanctions shortfall

Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally after President Donald Trump demanded that producer club OPEC raise output to soften the impact of US sanctions against Iran.

Oil falls after Trump presses OPEC to offset Iran sanctions

Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of US sanctions against Iran.

Oil falls after Trump urges greater OPEC output to replace Iranian oil

Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions by the United States against Tehran.

Oil prices ease on expectation that OPEC will raise output

Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in US crude stocks which defied expectations and signalled firm demand, while global supply remained tight.

International oil prices at record high in 2019

Oil prices crept higher on Wednesday, supported by supply cuts by producer club OPEC and US sanctions against oil exporters Iran and Venezuela, but restricted by expectations that an economic slowdown could soon dent fuel consumption.

Oil prices edge higher on OPEC cuts, sanctions on Iran, Venezuela

The rise and fall of Venezuela

Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by US sanctions against Iran and Venezuela.

Oil prices near 2019 highs amid OPEC supply cuts

Venezuelan intelligence officers Thursday arrested the chief of staff of Juan Guaido, the opposition leader recognized by the US and other countries as interim leader, Guaido and the opposition-ruled congress said on Twitter.

Chief of staff to Venezuela's Guaido arrested

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.

OPEC not to meet in April on oil output cuts

Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling US drilling activity.

Oil rises on OPEC-led supply cuts, but slowing economy restricts gains

Crude production is set to continue expanding in the United States thanks to shale oil, with the country becoming a net exporter from 2021, a development which should reinforce global energy security, the IEA said Monday.

US set to become net exporter of oil: International energy agency

US President Donald Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (OPEC) to keep prices steady.

Trump calls on OPEC to 'relax,' says oil prices are too high

Oil prices rose on Tuesday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although analysts expect surging US production and concerns over economic growth to keep markets in check.

Oil prices rise on OPEC output cuts, as US sanctions bite

Russia has truly entered the "great game" in Afghanistan. First, the Putin regime a few days ago hosted the Taliban and former Afghan President Hamid Karzai in Moscow, just a few days after the US concluded its Doha talks with the Taliban.

Great game-II: India-Pakistan-China gas pipeline powered by Russia cannot be discounted

Global oil cartel OPEC said Tuesday it sharply reduced crude oil production last month after heavyweight Saudia Arabia slashed output and exports fell in crisis-hit Venezuela.

OPEC oil production falls as Saudi Arabia slashes output

Oil prices fell by around 1 per cent on Monday as drilling activity in the United States, the world's largest oil producer, picked up and financial markets were pulled down by trade concerns.

Oil prices fall as US rig count rise, trade concerns

Oil prices slipped on Thursday after US crude inventories rose and the country's production held at record levels, but OPEC-led supply cuts and Washington's sanctions against Venezuela supported markets.

International oil prices dip as US crude inventories rise

US oil prices inched higher on Friday after a report from the Organisation of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.

Oil prices edge up as OPEC says its crude output fell sharply in December

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