Highlights: Top traders see price rally as outlook flips to supply deficit Opec+ officials see no need for changes at next week's review When Opec+ ministers take stock of global oil markets next week ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that ...
U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and OPEC+ vowed to keep the output cut ...
Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
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 ...
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 ...
The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government's emergency ...
Iraq said it will reduce oil exports in the coming months to compensate for producing above its OPEC+ limits in January and ...
Russia plans to gradually ease the export cuts and focus on only reducing output. Novak has not provided the targeted level ...
Indian buyers of Venezuelan oil — including billionaire Mukesh Ambani’s Reliance Industries Ltd. — have halted purchases from ...
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.