Insiders reveal that ADNOC is considering raising production to around 4.85-4.87 million bpd, breaking from the current OPEC ...
Current market volatility is being caused by the OPEC producer group rather than the conflict in the Middle East, said Union ...
Brent crude futures surged 13.4% to $87.26/barrel due to Middle East tensions, OPEC cuts, attacks between Ukraine and Russia, ...
The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and ... readiness to make immediate adjustments to production.” The move seeks to keep prices ...
CFO Wang Xin said the main barrel oil cost decreased in the first quarter of this year, mainly contributed by exchange rate ...
So far in 2024, oil prices are back on the rise, led by strong demand and tightening supply management -- including OPEC cuts ...
Piper Sandler followed Wells Fargo 's lead recently by raising its price target on Devon Energy (NYSE: DVN) from $59 to $60 ...
His economy is growing, he faces no criminal charges – unlike his opponent – and his fund-raising is going well ...
OPEC's decision to maintain production cuts stirs mixed sentiments in oil markets, as WTI and Brent ... Saudi Arabia to hold a 1 million bpd cut until 2023, Russia curbs exports by 300,000 bpd.
Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities.
IN the 1920s, the oil had to flow ... agreed to control production, thus basically setting up a global cartel that could fix prices by manipulating output. Over the next five years the price of East ...
The U.S. SPR is needed not to replace lost imports but to help moderate global prices in a crisis and minimize economic ...