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You Searched For "OPEC production" and got 20 results


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Nifty and Sensex dip post-Muhurat rally; experts blame THESE global factors

The Indian stock market opened lower on Monday, with Nifty 50 and BSE Sensex both declining.

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Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much

Prince Abdulaziz bin Salman said OPEC members are ignoring their quotas.

Filip De Mott   


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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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OPEC+ extends major oil production cuts until 2025 to stabilise market

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group …

ANI   


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The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries

US crude production notched a new monthly record in August. That's not necessarily welcome news to …

Filip De Mott   


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US oil production just hit a record high

US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million…

Kelly Cloonan   


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Putin backs OPEC production cuts but warns of losing oil-market share to the US

Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…

Yuheng Zhan   


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The US will be an oil production powerhouse through at least 2026, Goldman Sachs says

The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues…

Jennifer Sor   


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Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says

Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions …

Jennifer Sor   


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Oil oversupply could send prices tumbling in 2025, energy analyst says

Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearl…

Jennifer Sor   


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Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says

If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's B…

Filip De Mott   


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OPEC slashed oil production last month as the group kicks off plan to boost sagging prices

OPEC+ scaled back oil output by 490,000 barrels a day last month, Bloomberg reported, with half of …

Yuheng Zhan   


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Why oil prices have plunged 3% today

Saudi Arabia is committed to boosting oil output, abandoning its aim for higher prices, the FT repo…

Filip De Mott   


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Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says

Investors have turned bearish on oil amid fears of oversupply, but if GDP grows in line with estima…

Kelly Cloonan   


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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   


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No matter how much OPEC cuts oil production, other countries will 'fill the hole,' trader says

"We're looking at 2024 and we're concerned that the market is actually going to end up being oversu…

Aruni Soni   


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Russia's oil revenue has plunged as global crude prices tumble

Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…

Jennifer Sor   


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Why oil prices have cratered to their lowest level in nearly 3 years

The demand outlook for oil is weakening as recession concerns mount in the US and China's future lo…

Matthew Fox   


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The US isn't the only one eating into OPEC's market share — Brazil and Guyana are hitting record oil production volumes

Brazil and Guyana have emerged as crude-producing giants in 2023, and they are commanding an increa…

Phil Rosen   


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Record-breaking oil production from the US has left OPEC with its lowest crude market share in nearly a decade

The IEA said global oil demand has slowed sharply amid economic turmoil, while the US, Brazil, and …

Phil Rosen