Grant Smith

  • The blue logo of the Organization of the Petroleum Exporting Countries (OPEC) is displayed on the facade of its headquarters building in Vienna, Austria, on June 9, 2025. The building is located in the city center and serves as the administrative center for the international oil organization. (Photo by Michael Nguyen/NurPhoto via Getty Images)Economy

    OPEC+ agrees in principle to another bumper supply increase

    By Grant Smith, Salma El Wardany, and others
  • An oil tanker unloads imported crude oil at the crude oil terminal of Qingdao Port in Qingdao City, Shandong Province, China, on May 21, 2025. (Photo by Costfoto/NurPhoto via Getty Images)Economy

    OPEC+ agrees on third oil supply surge despite Russia’s qualms

    By Fiona MacDonald, Salma El Wardany, and others
  • CANADA – 2025/02/07: In this photo illustration, the Organization of the Petroleum Exporting Countries (OPEC) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)Economy

    OPEC+ agrees to another supply surge in June to deepen oil rout

    By Grant Smith, Salma El Wardany, and others
  • OPEC's headquartersFinance

    OPEC+ delays supply restart again as crude prices struggle

    By Grant Smith, Salma El Wardany, and others
  • oil rigs pumpingFinance

    Oil is headed for a steeper dive, and OPEC+ won’t be able to stop it

    By Grant Smith and Bloomberg
  • MUNICH, GERMANY – DECEMBER 05: Members of BMW’s manufacturing staff inspect a vehicle’s finish as hetheyworks at the body shop finish during German Chancellor Olaf Scholz visits the BMW Group car factory on December 05, 2023 in Munich, Germany. His visit is taking place as Scholz’s government wrestles with a federal budget crisis stemming from a recent Federal Constitutional Court ruling. (Photo by Leonhard Simon/Getty Images)Finance

    The Fed may be aiming the U.S. for a soft landing and no recession but slumping oil demand growth shows Europe is facing a big slowdown

    By Grant Smith and Bloomberg
  • The crude oil tanker ‘Devon’ sails through the Persian Gulf towards Kharq Island to transport crude oil to export markets in the Persian Gulf, Iran, on Friday, March 23, 2018. Geopolitical risk is creeping back into the crude oil market. Photographer: Ali Mohammadi/Bloomberg via Getty ImagesFinance

    With war in Israel, oil traders focus on Iran and ‘domino effect’ from possible tightening of sanctions

    By Grant Smith and Bloomberg
  • A view of the Aramco oil refinery in Saudi Arabia, 1990. (Photo by Tom Stoddart/Hulton Archive/Getty Images)Finance

    Saudi Arabia is squeezing the oil market just as consumption surges: ‘The Fed may have to react’

    By Grant Smith, Sarah Chen, and others
  • Adeeb Y Al Aama, governor of Organization of Petroleum Exporting Countries (OPEC), centre, and Prince Abdulaziz bin Salman, Saudi Arabia’s energy minister, right, exit after attending the 8th OPEC International Seminar at the Hofburg Palace in Vienna, Austria, on Wednesday, July 5, 2023. Oil rose as traders weighed Saudi Arabian and Russian production cuts after a slew of low-volume trading sessions. Photographer: Andrey Rudakov/Bloomberg via Getty ImagesFinance

    Saudi Arabia extends oil production cut as central banks fear inflationary spike from rising fuel costs

    By Grant Smith, Omar Tamo, and others
  • “It looks like the start of the hot summer in the crude market,” said Jorge Leon, senior vice president of oil market research at consultant Rystad Energy A/S.Finance

    Oil surge to $80 suggests ‘stars are aligning’ for crude price rally that would endanger global economy

    By Grant Smith and Bloomberg
  • Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the 186th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images)Finance

    Higher gas prices could soon hit U.S. drivers as Saudi Arabia doubles down on oil production cuts

    By Grant Smith, Fiona MacDonald, and others
  • Haitham al-Ghais, secretary-general of Organization of Petroleum Exporting Countries (OPEC), during a Bloomberg Television interview on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2023. The annual Davos gathering of political leaders, top executives and celebrities runs from January 16 to 20. Photographer: Hollie Adams/Bloomberg via Getty ImagesFinance

    OPEC+ announces surprise oil production cut despite previous assurances

    By Matthew Martin, Grant Smith, and others
  • Secretary General of OPEC Haitham al-Ghais, speaks at the COP27 climate conference in Egypt’s Red Sea resort city of Sharm el-Sheikh on November 16, 2022. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)Finance

    OPEC+ opts to ‘hunker down’ amid surging volatility and market uncertainty, holds steady on oil production

    By Salma El Wardany, Grant Smith, and others
  • Saudi Arabia's Minister of Energy Abdulaziz bin Salman.Retail

    OPEC tries to keep oil prices high and cuts output by 2 million barrels in a move that Biden calls ‘unnecessary’

    By Salma El Wardany, Grant Smith, and others
  • A world map with OPEC countries illustrated as oil barrels with their respective flags.Finance

    OPEC is considering cutting oil output by 1 million barrels per day in a move that could add another shock to the global economy

    By Salma El Wardany, Grant Smith, and others