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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
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
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
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
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
Oil prices briefly spike as Russia suggests more OPEC+ cuts will hit markets in 2024
But oil prices later gave up gains and turned lower, with Brent crude and West Texas Intermediate b…
Jennifer Sor
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
OPEC Plus will continue oil output cuts as prices remain unchanged
OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-…
ANI
Russia's weekly oil flows spike to the highest in 5 months as OPEC and allies grapple over cuts to output
Russian oil exports jumped over the last week. OPEC and its allies have been trying to curb output …
Jennifer Sor
Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook
According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…
ANI
The world is 'far off' from peak oil amid strong demand, OPEC chief says
Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak o…
Aruni Soni
Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…
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
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
Russia undermines its pledge to OPEC+ as crude oil and fuel exports jump
Despite Moscow's pledges to curb exports, Russia's energy outflows have boomed in recent weeks.
Filip De Mott
Oil prices spike 6% after OPEC's unexpected supply cut
The oil cartel announced it was slashing production by over 1 million barrels a day, shrugging off …
Phil Rosen
Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel
Saudi Arabia has likely pulled in an extra $30 million a day in oil revenue, or about $2.6 billion …
Jennifer Sor
US crude exports set a record high amid market share war with OPEC
US exported nearly 4 million barrels a day of oil in the first half of 2023, up 19% from a year ago.
Aruni Soni
US stocks trade mixed as oil surges on unexpected production cut by OPEC+
The second quarter kicked off with an announcement by OPEC+ stating production cuts of 1.6 million …
Carla Mozée
OPEC and Saudi Arabia are losing their grip on the oil market as prices see the longest fall in 5 years
Saudi Arabia could be pushed to flood the oil market with supply in a bid to regain control of pric…