News

In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
OPEC+ jolted markets by announcing it would flood the market with more oil.
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.
OPEC+ is pushing barrels into a market that is widely expected to be oversupplied later in the year. Brent oil futures have ...
Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...
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-member Nigeria has seen a withdrawal of oil majors from onshore and shallow water fields that have been taken over by ...