More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to global prices.
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
And OPEC, a cartel of oil exporters, is restricting production ... a larger organisation which includes Russia, said it would ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
JPMorgan and Standard Chartered believe OPEC+ will be able to relax the curbs and restore production in the second half of ...
Putin backed the production cuts, but said the output is dropping "while it grows in other countries such as the US, and we ...
Official OPEC figures for the September production ... but some analysts have said that the Kingdom could begin easing the cut sooner than oil market participants believe as the world’s top ...
Crude prices have retreated since hitting last week their highest levels since October and remain about three per cent above ...
Oil cut will significantly impact U.S. gas prices for months, experts said. An alliance of oil-producing countries on Wednesday announced a dramatic cut in oil output with major implications for U ...
The Saudis said that the one million barrels a day that they began cutting in July ... selling much less oil than they are capable of producing, as countries outside OPEC, especially the ...
Crude oil production from all OPEC members jumped by 203,000 bpd from ... at about 9 million bpd after promising a 1-million-bpd cut that has been in place since last summer.
OPEC and its partners, led by Russia, decided to extend their combined production cut agreement until the end of the first quarter. Nobody was surprised by that decision, and its effect on oil ...