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Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...
OPEC+ production gains pressure U.S. crude exports, weakening light sweet oil demand and adding bearish weight to the current ...
Oil prices settled down just over 1% on Wednesday after U.S. data showed surprisingly large build in gasoline and diesel ...
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...
Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.
The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...
Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...
Nigeria, Africa’s leading producer of crude oil, has increased its imports of U.S. WTI crude due to the Dangote Oil ...
Big moves, if not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. The cartel, ...
U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.
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