News

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...
In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices.
The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...
Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...
OPEC+ jolted markets by announcing it would flood the market with more oil.