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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, ...
Russia, Oman, and Algeria all expressed reservations ahead of the OPEC+ meeting but ultimately aligned with the consensus to ...
U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.
Oil steadied after a two-day gain as rains slowed the growth of some blazes which had disrupted Canadian crude production.
Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.
"If demand drops, alongside low crude oil prices, pump prices may continue to fall." Throughout the state, the ...
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 ...
Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend declared that U.S. energy companies are “battening down the hatches.” Major ...
The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...
Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...
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