Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The ...
J.D. DURKIN: Alright, here's a look at what we're watching on TheStreet. The world's top 24 oil-producing nations are considering an oil output cut, according to a report from Reuters in what ...
The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
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 ...
As gas prices remain flat, the group of oil-producing nations decided on Sunday to extend oil production cuts through 2024. The Organization of the Petroleum Exporting Countries (OPEC) and its ...
If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world.
OPEC controls 40% of the world’s oil production and accounts for 60% of internationally traded oil. This gives the organization massive control over the international price of oil, allowing ...
Oil prices fell over 1 percent Monday in Asia following a decline of more than 3 percent Friday over disagreement between members of the Organization of the Petroleum Exporting Countries (OPEC ...
LONDON, May 3 (Reuters) - Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged ... the need ...