Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
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 ...
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 ...
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 ...
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 ...
Putin backed the production cuts, but said the output is dropping "while it grows in other countries such as the US, and we ...
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 ...
OPEC+, made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, will extend voluntary production cuts into the second quarter, Saudi Arabia’s official ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
World oil production increased by 745 kb/d in November. The largest increase came from Canada, adding 360 kb/d. Read what ...