OPEC and its economic allies in the OPEC+ bloc have been trying to cut global oil supplies in order to bid up prices lowered ...
Brent crude futures surged 13.4% to $87.26/barrel due to Middle East tensions, OPEC cuts, attacks between Ukraine and Russia, ...
Opec-plus members may finally be ready to start discussing how to unwind their historic production cuts as the second half of ...
The Organisation of Petroleum Exporting Countries(OPEC+) has further extended its oil production cuts this month, with a ...
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered ...
OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in ...
1. OPEC+ Sticks to Course as Focus Shifts to Overproducers - The Joint Ministerial Monitoring Committee of OPEC+ has confirmed the oil group’s current production targets, pushing back against ...
OPEC’s crude oil production crept higher in March, rising by 3,000 barrels per day compared to February as Iran and Saudi ...
Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an ...
A rising oil price could halt or even reverse the recent trend of falling inflation, potentially leaving central banks cautious about cutting interest rates, DZ Bank said.
The Organisation of Petroleum Exporting Countries (OPEC) and the broader OPEC+ group do not see any need to propose a change to the oil production policy when the Joint Ministerial Monitoring ...