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Africa’s second-biggest oil producer exits cartel amid row over production targets
Opec+ is struggling to hold the world to ransom with high energy prices
Energy watchdog says demand growth ‘drastically’ falling this quarter
Call to move away from fossil fuels lacks deadlines to phase them out
EU ministers criticise Opec over attempts to switch emphasis to emissions as tensions mount at climate talks in Dubai
Investors are betting cartel’s reductions will be offset by weak demand and rising supply from elsewhere
Crude prices fall after unconventional announcement of output curbs highlights strains within group
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
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