OPEC+ Keeps Oil Supply Tight, Driving Crude Prices to 5-Month Highs
Major oil producers in the OPEC+ alliance have agreed to maintain their current supply cuts, further tightening global crude markets.
Read moreMajor oil producers in the OPEC+ alliance have agreed to maintain their current supply cuts, further tightening global crude markets.
Read moreAngola has officially announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC). The move comes after
Read moreIn July, the oil supply from OPEC+ saw a significant dip of 1.2 million bpd, bringing the total to 50.7
Read moreIn a high-stakes battle for oil dominance, tensions erupted within OPEC as Saudi Arabia and several member countries clashed over
Read moreThe frenzy surrounding artificial intelligence (AI)-related companies’ stocks seems to be sucking the proverbial “oxygen out of the room” for
Read moreOil futures rallied on Monday after Saudi Arabia and other OPEC+ members announced unexpected oil production cuts of more than
Read moreOPEC+ has made a surprising announcement of an oil production cut exceeding 1 million barrels a day, reversing its previous
Read moreIt’s “disastrous” for the oil markets, the publication warns. Irina Slav, a writer for OilPrice.com, wrote a critique of environmentalist
Read moreWhat used to be a strategic alliance is fast becoming a sour tinderbox for a trade–or even worse, physical–war between
Read moreMomentum is gathering in Congress in support of legislation that would challenge the OPEC+ group of oil-producing nations, which recently
Read more