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OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...
Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...
The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...
Oil prices rose over 1% on Friday and were set for their first weekly gains since mid-April as a U.S. trade deal with United ...
Oil prices finished higher on Friday but continued to hold ground near the $60 mark, with a spike likely to come only “upon accelerated trade deals or softening of OPEC’s production growth,” said ...
The decline in oil prices and U.S. shale production potentially peaking will shift global oil supply and price volatility. Read more on what oil and gas CEOs are saying.
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
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