Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
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 ...
And OPEC, a cartel of oil exporters, is restricting production ... a larger organisation which includes Russia, said it would ...
The Organisation of Petroleum Exporting Countries (OPEC) and the broader OPEC+ group do not see any need to propose a change to the oil production policy when the Joint Ministerial Monitoring ...
On Monday, crude oil and gasoline prices posted moderate gains on a weaker dollar.
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 ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
In 2023, the United States led the world in oil production for the sixth consecutive year despite promises from the Biden ...
A decline in crude in floating storage is bullish for prices. Monday's weekly data from Vortexa showed that the amount of crude oil held worldwide on tankers that have been stationary for at least a ...
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.
Crude prices jumped at the start of 2024, buoyed by OPEC's planned 2.2 million barrel daily production cut for the first quarter. Russia is poised to further slash oil production and exports in ...
A new cut for the first quarter took effect in January and earlier this month was extended to cover the second quarter. The OPEC report also said that OPEC oil production rose by 203,000 bpd in ...