Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
Crude prices have retreated since hitting last week their highest levels since October and remain about three per cent above ...
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 ...
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 ...
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 ...
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 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.
Citing an Energy Ministry source, the Saudi press agency said Saudi Arabia would extend its voluntary production cut of 1 million ... by OPEC+ in late November. Oil prices have subsequently ...
World oil production increased by 745 kb/d in November. The largest increase came from Canada, adding 360 kb/d. Read what ...