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OPEC+ production gains pressure U.S. crude exports, weakening light sweet oil demand and adding bearish weight to the current ...
Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...
Oil edges lower in the early morning Asian session amid lingering supply concerns. Prospects of further increases in production by OPEC continue to hang over the market, ANZ Research analysts say in a ...
U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.
The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...
Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...
Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...
Brent crude rose more than $1 a barrel on Friday morning and oil prices were on track for their first weekly gain in three ...
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Dangote Refinery Imports More Crude Oil From US, Gives ReasonsDangote Petroluem Refinery has looked to the United States for crude oil as its processing level increases while Nigeria ...
Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...
Oil prices settled down just over 1% on Wednesday after U.S. data showed surprisingly large build in gasoline and diesel ...
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