As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed ...
While the members of OPEC+ discuss cutting oil production, an LSU energy expert sees continued demand for domestic production of both oil and gas. Not every OPEC member is on board with production ...
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 Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and put on sale on international markets 100,000 bpds less daily as fears of a recession keep ...
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 ...
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-plus members may finally be ready to start discussing how to unwind their historic production cuts as the second half of ...
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.
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 ...
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 it ...
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 ...
The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Wednesday agreed to keep oil output policy unchanged until its next meeting in June. OPEC disclosed this at its 53rd ...