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 ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that combined with the OPEC extensions could cause the market to go into supply ...
Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
WTI Crude Oil (CM:CL) finished $1.82 higher in today’s trading, closing at $83.17 per barrel. This was due to optimism over ...
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 ...
Oil futures were flat to slightly higher early Tuesday ahead of an eagerly awaited U.S. consumer-price index reading for ...
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.
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 ...