News

Trade deadlines and oil drama set the stage for a crunch week in global markets
Another assignment that is much more definitive: the OPEC Seminar. The circus rolls back into Vienna as the oil producers' ...
OPEC+ oil output: Group to raise supply by 548,000 bpd in August; cites strong demand, low inventories
OPEC+ nations, led by Saudi Arabia and Russia, will boost crude output by 548,000 barrels per day in August. This decision ...
OilPrice.com1d
OPEC Nudges Output Higher - But Markets Are Awaiting the Real Barrels
OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...
Oil Gives Back Some Gains With OPEC+ in View
After yesterday’s rally on renewed Middle East geopolitical risk premium, the market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.
‘Electricity is the new oil’: Expert anticipates oil prices to stay below US$70
Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...
OilPrice.com3d
OPEC Reports a Global Oil Production Decline in 2024
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Oil prices rise as Iran suspends cooperation with UN nuclear watchdog
Oil futures edged up on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and markets weighed ...
Business Day4d
$17.4trn global upstream investment required in five yrs to avoid market deficit – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...