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Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
OPEC+ jolted markets by announcing it would flood the market with more oil.
Oil News: Will OPEC Production Surge Sink Crude Oil Futures This Week?
Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...
WTI recovers to near $65.50 as investors digest OPEC+ large Oil output increase
West Texas Intermediate (WTI), futures on NYMEX, recovers its initial losses and rebounds to near $65.50 during the European ...
Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September
Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in ...
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EIA shares projections for OPEC oil revenues through 2026
The US Energy Information Administration (EIA) forecasts that OPEC crude oil export revenues will continue to decline in 2025 ...
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OPEC Reports a Global Oil Production Decline in 2024
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
OPEC’s New Supply Shock Locks In Oil Market’s Return to Surplus
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...