LONDON, May 3 (Reuters) - Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further ...
As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed ...
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 ...
Crude oil futures traded higher on Friday morning as market reports indicated that OPEC+ (Organization of Petroleum Exporting Countries and allies) may continue with production output cuts beyond ...
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 ...
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 ...
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 ...
OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria ...