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 on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
The Saudis said that the one million barrels a day that they began cutting in July ... selling much less oil than they are capable of producing, as countries outside OPEC, especially 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 ...
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 ...
Crude prices have retreated since hitting last week their highest levels since October and remain about three per cent above ...
Official OPEC figures for the September production ... but some analysts have said that the Kingdom could begin easing the cut sooner than oil market participants believe as the world’s top ...
And OPEC, a cartel of oil exporters, is restricting production ... a larger organisation which includes Russia, said it would ...
OPEC and its partners, led by Russia, decided to extend their combined production cut agreement until the end of the first quarter. Nobody was surprised by that decision, and its effect on oil ...
Crude oil production from all OPEC members jumped by 203,000 bpd from ... at about 9 million bpd after promising a 1-million-bpd cut that has been in place since last summer.
Citing an Energy Ministry source, the Saudi press agency said Saudi Arabia would extend its voluntary production cut of 1 million ... by OPEC+ in late November. Oil prices have subsequently ...