Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
And OPEC, a cartel of oil exporters, is restricting production ... a larger organisation which includes Russia, said it would ...
U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and OPEC+ vowed to keep the output cut ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
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 ...
On Monday, crude oil and gasoline prices posted moderate gains on a weaker dollar.
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.
WTI Crude Oil (CM:CL) finished $1.82 higher in today’s trading, closing at $83.17 per barrel. This was due to optimism over ...
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 traders see demand possibly picking up and supply risks increasing due to geopolitical woes.
Iraq said it will reduce oil exports in the coming months to compensate for producing above its OPEC+ limits in January and ...
Russia plans to gradually ease the export cuts and focus on only reducing output. Novak has not provided the targeted level ...