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Opec’s new supply shock nails on oil market’s return to surplus
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...
OPEC Plus Agrees to Pump More Oil in August
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...
Trade deadlines and oil drama set the stage for a crunch week in global markets
Another assignment that is much more definitive: the OPEC Seminar. The circus rolls back into Vienna as the oil producers' ...
Oil Gives Back Some Gains With OPEC+ in View
After yesterday’s rally on renewed Middle East geopolitical risk premium, the market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.
‘Electricity is the new oil’: Expert anticipates oil prices to stay below US$70
Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...
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Oil Prices Ease as U.S. Inventory Gains Raise Demand Concerns Ahead of OPEC+ Meeting
Oil prices pulled back during Asian trading on Thursday, giving up some of the strong gains recorded in the previous session ...
Oil retreats as US tariff uncertainty looms, OPEC+ set to raise output
Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are ...