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OPEC considers deeper output cuts as global...

The cuts of 1.2 million barrels per day from October 2018 levels were originally fixed in December last year and were already extended at OPEC's last meeting...

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Oil prices surge as OPEC agrees joint 1.2...

Energy ministers reached the deal -- which takes effect from January 1 but has already sent prices surging on oil markets -- after two days of talks at...

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Why Qatar is quitting OPEC

Qatar will continue to produce oil and seek deals in countries including Latin America's top oil producer Brazil.

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Oil prices to remain unchanged until end...

On Sunday, Abu Dhabi hosted a meeting of the Organization of the Petroleum Exporting Countries and non-OPEC Joint Ministerial Monitoring Committee.

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Fuel prices up

A visit to various petrol stations, mostly in Kampala and Wakiso districts, showed that the price of petrol has gone up to sh3,800 per litre and diesel...

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Oil market moving back into balance: IEA...

OPEC and a number of other producers including Russia agreed last year on production cuts to ease a global supply glut, but prices haven't risen much above...

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OPEC pumps more oil in July despite cut pledge:...

"There would be more confidence that re-balancing is here to stay if some producers party to the output agreements were not... showing signs of weakening...

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Oil output to expand faster than demand in...

A day after OPEC complained that increased output in the US was slowing efforts to rebalance supply and demand in the oil market, the IEA also suggested...

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OPEC wants 'collective efforts' to counter...

Ahead of a May 25 meeting of the cartel where its members and Russia are expected to roll over an agreement to cut production, OPEC said in its monthly...

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Oil output cuts pressure Mideast economic...

"The subdued pace of expansion reflects lower headline growth in the region's oil exporters, driven by the November 2016 OPEC agreement to cut oil production,"...

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Kalungi’s lens: City Beat – the...

The parties also gave many upcoming artists much-needed exposure, and they were grateful for it. In 2010, for example, Keko was largely unknown.