U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...

Saudi Arabia, Iraq, Kuwait, Kazakhstan, Oman, Algeria, Russia and the United Arab Emirates -- referred to as OPEC's Group of 8 -- announced 2.2 million b/d of voluntary cuts in November of 2023, and ...

Oil exporting group Opec+ has announced a further unwinding of production cuts, but the impact on tanker demand may be more ...

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

Oil prices jumped more than 3% on Monday as OPEC+ agreed to raise production by the same amount in July as in the previous ...

VIENNA, 6th July, 2021 (WAM) -- The price of OPEC basket of thirteen crudes stood at $75.71 a barrel on Monday, 5th July, compared with $75.21 the previous Friday, according to OPEC Secretariat ...

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...