Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that ...
U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and OPEC+ vowed to keep the output cut ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
SHOULDN’T OIL PRICES be surging? War has returned to the Middle East. Tankers in the Red Sea—through which around 12% of ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
Crude oil prices headed for their longest streak of monthly advances since September last year, supported by supply side issues ahead of the OPEC's ministerial monitoring committee meeting next week, ...
More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to global prices.
World oil production increased by 745 kb/d in November. The largest increase came from Canada, adding 360 kb/d. Read what ...
Iraq said it will reduce oil exports in the coming months to compensate for producing above its OPEC+ limits in January and ...
Indian buyers of Venezuelan oil — including billionaire Mukesh Ambani’s Reliance Industries Ltd. — have halted purchases from ...
Russia plans to gradually ease the export cuts and focus on only reducing output. Novak has not provided the targeted level ...