You Searched For "OPEC production" and got 19 results
Sort By:
3 mins read
Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.
ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase prod…
Catherine Boudreau,Jacob Zink…
1 min read
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.
1 min read
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 mil…
Jennifer Sor
2 mins read
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
1 min read
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
1 min read
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
1 min read
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
2 mins read
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
1 min read
Russia's oil revenue plummeted 29% in October amid volatile global crude prices
One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% …
Jennifer Sor
1 min read
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
2 mins read
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
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
1 min read
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
2 mins read
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
2 mins read
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
1 min read
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
2 mins read
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
2 mins read
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
1 min read
Why oil prices have plunged 3% today
Saudi Arabia is committed to boosting oil output, abandoning its aim for higher prices, the FT repo…