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 ...
JPMorgan and Standard Chartered believe OPEC+ will be able to relax the curbs and restore production in the second half of ...
Saudi Arabia’s announcement appears to be aimed at bolstering oil prices as growth in demand remains modest. By Stanley Reed Saudi Arabia, the de facto leader of the Organization of the ...
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 ...
SHOULDN’T OIL PRICES be surging? War has returned to the Middle East. Tankers in the Red Sea—through which around 12% of ...
OPEC members produced 27.73 million bpd in September, as Nigeria and Iran boosted production the most, according to the survey based on vessel-tracking data Oil prices started to gradually recover ...
Despite the voluntary production cuts of several major producers of the OPEC+ alliance, OPEC’s oil production rose in February by more than 200,000 barrels per day (bpd) compared to January ...
OPEC+ decided to extend their combined production cut agreement until the end of the first quarter. Not everyone within the OPEC+ grouping is happy with the current arrangement. As long as demand ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
Crude prices have retreated since hitting last week their highest levels since October and remain about three per cent above ...
More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to global prices.