Earlier this month, Russia said it would cut its oil output and exports by an additional 471,000 barrels per day (bpd) in the ...
Highlights: Top traders see price rally as outlook flips to supply deficit Opec+ officials see no need for changes at next week's review When Opec+ ministers take stock of global oil markets next week ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that ...
U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and OPEC+ vowed to keep the output cut ...
Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
And OPEC, a cartel of oil exporters, is restricting production ... a larger organisation which includes Russia, said it would ...
Moscow’s decision to reduce oil output is likely to drive the price of oil to $100 a barrel this year unless other suppliers take action, J.P. Morgan Global Commodities Research said Wednesday in a ...
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.
Iraq said it will reduce oil exports in the coming months to compensate for producing above its OPEC+ limits in January and ...
Indian buyers of Venezuelan oil — including billionaire Mukesh Ambani’s Reliance Industries Ltd. — have halted purchases from ...
Russia plans to gradually ease the export cuts and focus on only reducing output. Novak has not provided the targeted level ...