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2 mins read
Here's why OPEC's production cuts haven't boosted the price of oil
Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from p…
Phil Rosen
2 mins read
Oil prices could crash 50% if OPEC+ lets output rise and doesn't extend cuts through 2024, Citi commodities research chief says
Eliminating oil production cuts would be "so painful" for OPEC that the organization is likely to s…
Filip De Mott
2 mins read
OPEC+ output witnesses biggest drop in six months, falling short of agreed cuts
In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary c…
ANI
2 mins read
Oil prices drop to erase gains from OPEC's production cuts as US potentially nears deal with Iran to allow oil exports
The White House denied the report that it was nearing a deal with Iran, helping oil prices pare rec…
Matthew Fox
1 min read
Oil prices drop as reports say Israel and Hamas could soon head for cease-fire talks
Oil prices dropped Monday. Israel and Hamas could meet in Cairo for talks as soon as Tuesday, The N…
Yuheng Zhan
3 mins read
Russia could be suspended from OPEC's oil-output agreement. 4 experts lay out what that could mean for the price of oil and the wider energy market.
OPEC members discussed removing Russia from its monthly supply quota agreement, WSJ reported. Here'…
Zahra Tayeb
1 min read
US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them
India imported an estimated 7.6 million of US barrels in March, a significant increase from the 3 m…
Filip De Mott
2 mins read
Here's why the upcoming OPEC meeting will be a 'pivotal' moment as tensions simmer between Russia and Saudi Arabia over global oil supply
It's possible that Saudi Arabia brings a more assertive stance to the table when OPEC+ holds its me…
Max Adams
2 mins read
Saudi Arabia put pressure on OPEC members to seal the recent deal to cut oil production, the White House says
"The Saudi foreign ministry can try to spin or deflect, but the facts are simple," National Securit…
Zahra Tayeb
3 mins read
US stock futures recover from shock Omicron case in California; oil rises ahead of key OPEC+ meeting
The first US Omicron case initially hit stocks hard, but some stability was returning on Thursday. …
Amanda Cooper
3 mins read
Oil heads for biggest monthly loss since March 2020, after Moderna boss questions vaccine effectiveness against Omicron
Moderna CEO Stéphane Bancel told the FT he expected a "material drop" in the effectiveness of the e…
Amanda Cooper
2 mins read
Oil rebounds from Friday's rout, as traders assess the impact on demand of the Omicron variant
Investors were assessing the likely damage to oil demand from the Omicron COVID-19 variant, while t…
Amanda Cooper
2 mins read
Oil plunges by the most since April 2020 after new Covid variant heightens fears over global demand outlook
Brent and WTI fell by more than 10%, given the expectation for a surplus of unused fuel to weigh on…
Amanda Cooper
2 mins read
Vladimir Putin sees oil jumping to $100 per barrel as a possibility amid skyrocketing global energy demand
"Russia and our partners and OPEC+ group, I would say we are doing everything possible to make sure…
Isabelle Lee
1 min read
Oil prices slide 5% amid skepticism the debt-ceiling deal holds
"Oil prices remain stuck while awaiting the response from Congress on the debt ceiling deal," Saxo …
Carla Mozée
1 min read
Oil prices extend gains as OPEC+ eyes production cuts if a revived Iran nuclear deal adds crude supplies to the market
Analysts have estimated that a return of Iranian oil would result in a near-term boost of about 1 m…
Brian Evans
2 mins read
Oil hits 3-year high after OPEC+ abandons their meeting, meaning supply could tighten even further
Now that there's no deal to boost production more quickly, it could signal tighter supply and risin…
Shalini Nagarajan
2 mins read
Oil holds above $75 as investors weigh OPEC+ deadlock with fresh talks ahead
Analysts say that if the deadlock is not resolved, oil prices could either skyrocket if supply is t…
Sophie Kiderlin
2 mins read
Global shares trade near all time highs ahead of key US inflation data and Wall Street bank earnings; oil recovers ground
Investors are awaiting a key read on US consumer inflation and the first of the big Wall Street ban…
Sophie Kiderlin
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…