Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
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 ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that ...
On Monday, crude oil and gasoline prices posted moderate gains on a weaker dollar.
SHOULDN’T OIL PRICES be surging? War has returned to the Middle East. Tankers in the Red Sea—through which around 12% of ...
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.
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 ...
Iraq said it will reduce oil exports in the coming months to compensate for producing above its OPEC+ limits in January and ...
Oil traders see demand possibly picking up and supply risks increasing due to geopolitical woes.
Putin backed the production cuts, but said the output is dropping "while it grows in other countries such as the US, and we ...
Russia plans to gradually ease the export cuts and focus on only reducing output. Novak has not provided the targeted level ...