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Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...
U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.
Russia, Oman, and Algeria all expressed reservations ahead of the OPEC+ meeting but ultimately aligned with the consensus to ...
"If demand drops, alongside low crude oil prices, pump prices may continue to fall." Throughout the state, the ...
Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...
Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.
Saudi Arabia, Iraq, Kuwait, Kazakhstan, Oman, Algeria, Russia and the United Arab Emirates -- referred to as OPEC's Group of 8 -- announced 2.2 million b/d of voluntary cuts in November of 2023, and ...
Oil exporting group Opec+ has announced a further unwinding of production cuts, but the impact on tanker demand may be more ...
Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...
The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...
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