Iraq’s Compensation Cuts Could Nearly Offset Production Hike By OPEC+
Three days ago, the eight members of OPEC+ agreed to increase oil output from October by 137,000 barrels…
OPEC keeps global oil demand growth forecasts unchanged for 2025-2026-Xinhua
Photo taken on Nov. 30, 2023 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC)…
OPEC sticks to oil demand forecasts, says economy doing well
LONDON (Reuters) -OPEC made no changes on Thursday to its relatively high global oil demand growth forecasts for…
Saudi Arabia Offers Deeper Crude Discounts to Asian Buyers
Aramco has urged Asian buyers to buy more Saudi crude for October loading after the world’s top crude…
Crude oil prices fall to $67.42 on weak U.S. demand, oversupply risks
U.S. crude stocks rose by 3.9 million barrels in the week ended September 5, after analysts expected a…
OPEC+ Latest Hike Casts Shadow over Glut Narrative
Last Sunday, OPEC+ agreed to add 137,000 bpd to its collective oil output. This was the seventh monthly…
Crude oil prices steady after Saudi price cuts puts demand outlook in focus
Oil steadied as investors weighed the prospect for softening demand after Saudi Arabia cut pricing for most of…
The Crude Crunch: U.S. Oil Industry Faces Turbulent Times
The U.S. oil industry is navigating through choppy waters, marked by massive layoffs and capital expenditure reductions,…
Gas prices tick higher nationwide
BALTIMORE, MD—The national average price for a gallon of gasoline has seen a slight increase over the past…
Global LNG Market Faces Looming Supply Glut After Years of
(Bloomberg) — The global market for liquefied natural gas faces a multiyear supply glut starting in 2026, potentially…
Crude oil prices rise over 1 percent to $66.30 amid sanctions on Russian crude, OPEC+ plans
OPEC+ agreed to raise oil production starting in October, surprising markets with a lower output increase Oil prices…
Crude oil futures rise as OPEC+ slows production growth
Crude oil futures traded higher on Monday morning after the Organization of Petroleum Exporting Countries and its allies…