One of OPEC’s largest producers, Kuwait, plans to boost its crude oil production capacity to 3.15 million barrels per day…
Read More »Saudi Arabia and its fellow OPEC+ producers may not have lifted the international crude oil futures with their production cuts,…
Read More »Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid…
Read More »As oil prices hover underneath the $75 for a Brent barrel, OPEC has likely found itself stuck with the extra…
Read More »Crude oil demand is set to rise to 110 million barrels daily by 2045, which would be a 23% increase…
Read More »The Financial Times reports that OPEC has barred several media groups from attending its crucial production meeting in Vienna this weekend, in…
Read More »Bearish speculators were warned Tuesday morning by Saudi Arabia‘s top energy official to “watch out,” a little more than one…
Read More »Signs of cautious optimism about a recovery in economies and oil demand have emerged, OPEC Secretary General Haitham Al-Ghais told…
Read More »Iraq, the second-largest producer in OPEC, said the move was based on economic indicators and done unanimously. “There is complete…
Read More »In early September, United States Secretary of Energy, Jennifer Granholm, told Reuters that President Joe Biden was considering extending the release of oil from…
Read More »The latest OPEC+ output cuts for November mean it’s back to the drawing board for the White House and a…
Read More »According to OPEC, the oil markets are so askew at the moment that adding capacity would fail to materially stave…
Read More »Oil prices have plunged after the United Arab Emirates said it supported increasing production. Brent crude, an international benchmark, fell…
Read More »Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes…
Read More »Oil ministers from the Gulf Cooperation Council and reaffirmed their commitment to the OPEC+ deal during a virtual meeting, state…
Read More »OPEC+ is close to a deal that will take it to the next stage of the historic agreement signed in…
Read More »The OPEC+ technical committee met with a twin purpose on Thursday — discussing additional cuts and also to review the…
Read More »OPEC leader Saudi Arabia and non-OPEC Russia have agreed on a preliminary deal to extend existing record oil production cuts…
Read More »Oil prices surged toward $40 a barrel on Monday as hopes rose for an early agreement to extend the big…
Read More »Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to…
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