MOSCOW, March 29 (Reuters) - Russia has decided to focus on reducing oil output rather than exports in the second quarter in ...
Highlights: Top traders see price rally as outlook flips to supply deficit Opec+ officials see no need for changes at next week's review When Opec+ ministers take stock of global oil markets next week ...
Saudi Arabia’s announcement appears to be aimed at bolstering oil prices as growth in demand remains modest. By Stanley Reed Saudi Arabia, the de facto leader of the Organization of the ...
Oil cut will significantly impact U.S. gas prices for months, experts said. An alliance of oil-producing countries on Wednesday announced a dramatic cut in oil output with major implications for U ...
Putin backed the production cuts, but said the output is dropping "while it grows in other countries such as the US, and we ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
OPEC members produced 27.73 million bpd in September, as Nigeria and Iran boosted production the most, according to the survey based on vessel-tracking data Oil prices started to gradually recover ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that ...
OPEC+ decided to extend their combined production cut agreement until the end of the first quarter. Not everyone within the OPEC+ grouping is happy with the current arrangement. As long as demand ...
Despite the voluntary production cuts of several major producers of the OPEC+ alliance, OPEC’s oil production rose in February by more than 200,000 barrels per day (bpd) compared to January ...
SHOULDN’T OIL PRICES be surging? War has returned to the Middle East. Tankers in the Red Sea—through which around 12% of ...
Crude prices have retreated since hitting last week their highest levels since October and remain about three per cent above ...