Oil rig count drops with prices that crude is commanding
Later today, oil services and technology company Baker Hughes will release its U.S. rig count, which is the…
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(Bloomberg) – The OPEC+ oil producer alliance is likely to make its next hike in collective output its…
IEA Doubles Down On Peak Oil Demand Forecast
A peak in global oil demand is still on the horizon, the International Energy Agency (IEA) said on…
OPEC+ Bets on Summer Demand as Q4 Glut Looms
The OPEC+ group was likely betting on robust demand during the peak summer driving season when it decided…
OPEC Chief Claims Oil Demand Growth Is Here to Stay
Crude oil demand will continue growing over the coming decades as the world’s population increases, the secretary-general of…
OPEC Oil Production Fell Short of OPEC+ Target in May
OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a…
StanChart: OPEC+ Is About To Become Much More Transparent
A week ago, the 39th OPEC and non-OPEC Ministerial Meeting was held via videoconference, chaired by Prince Abdulaziz…
EIA Paints Bearish Picture for Oil Market With Record Supply, Low Demand
U.S. crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according…
Oil Demand Growth Faces Significant Headwinds
For most of the past century, energy producers could count on steady oil demand growth. From industrial development…
The Return of Peak Oil
The term “peak oil” has sparked debate for decades, fueling speculation and more than a few forecasts of…
Crude Oil Futures Rise on Spot Demand: Rediff Moneynews
Crude oil futures prices rose on Thursday on the Multi Commodity Exchange, driven by increased demand. West Texas…
StanChart: Oil Prices Headed Lower Before Slow Recovery
According to StanChart, the path of least resistance for oil prices is lower, with prices likely to remain…