Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
Putin backed the production cuts, but said the output is dropping "while it grows in other countries such as the US, and we ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that combined with the OPEC extensions could cause the market to go into supply ...
Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
SHOULDN’T OIL PRICES be surging? War has returned to the Middle East. Tankers in the Red Sea—through which around 12% of ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
OPEC and the broader OPEC+ group do not see any need to propose a change to the current oil production policy when the Joint Ministerial Monitoring Committee (JMMC) meets next week ...
OIL prices jumped more than US$1 a barrel on Thursday, closing out the month higher on the prospect of Opec+ staying the ...
Crude prices have retreated since hitting last week their highest levels since October and remain about three per cent above ...
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.
Oil futures rose Thursday, with U.S. and global benchmarks poised to settle at their highest since November, after the ...
Russia plans to gradually ease the export cuts and focus on only reducing output. Novak has not provided the targeted level ...