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 ...
U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and OPEC+ vowed to keep the output cut ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that ...
And OPEC, a cartel of oil exporters, is restricting production ... a larger organisation which includes Russia, said it would ...
Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
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 ...