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 ...
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 ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
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+, made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, will extend voluntary production cuts into the second quarter, Saudi Arabia’s official ...
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 ...
OPEC+ members have announced an extension of voluntary oil production cuts for another three months, in a bid to stabilize oil markets amid geopolitical tensions and uncertain global demand.
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 ...
Crude oil futures settled lower Monday, failing to build on last week's gains, as the weekend decision by OPEC+ to extend voluntary production cuts through Q2 had been widely expected. Oil futures ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...