News

Bloomberg on MSN6h
Vakhshouri: OPEC a Stabilizing Factor in Oil Market
Oil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.
OilPrice.com1d
OPEC Reports a Global Oil Production Decline in 2024
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Ship & Bunker12h
Oil Dips On OPEC Concerns, As China Data Is Also Reassessed
Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...
Odessa American1dOpinion
OPEC-Plus actions hostile to U.S. energy industry
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
OilPrice.com11h
How Traders Capitalized on Oil's Extreme Price Swings
The first half of the year saw significant oil price volatility influenced by U.S. trade policies, OPEC+ production decisions ...
Oil Edges Down on Expectations of More OPEC+ Supply, Tariff Fears
If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...
The New York Times3y
As oil soars, OPEC and its allies decline to offer relief.
The oil cartel known as OPEC Plus said it would continue the strategy agreed to in July, rubber-stamping a 400,000-barrel-a-day production increase for April. Skip to content Skip to site index.
FXEmpire.com14d
Oil News: Crude Oil Rallies as OPEC Production Risks Mount in Israel-Iran Conflict | FXEmpire
Crude oil prices rise as Israel-Iran conflict enters day seven, fueling fears of OPEC supply disruptions via Hormuz. Goldman Sachs sees $10 per barrel risk premium priced in as geopolitical ...
CNN2y
Biden has a big oil problem. Here’s what you need to know about the recent OPEC+ decision. - CNN
Last week, the Organization of Petroleum Exporting Countries (OPEC) and its allies, led by Saudi Arabia and Russia, said that it will slash oil production by 2 million barrels per day, the biggest ...
Investopedia2y
How OPEC (and Non-OPEC) Production Affects Oil Prices - Investopedia
Oil prices are driven by many factors including supply and demand. Member countries of the Organization of the Petroleum Exporting Countries (OPEC) produce about 40% of the world's crude oil.
FXEmpire.com15d
Oil News: OPEC Production Routes in Jeopardy—Traders Brace for Supply Disruption | FXEmpire
Iran-Israel conflict drives Brent crude to 5-month highs as traders price in rising OPEC route risks and potential U.S. military involvement.
US oil production faces headwinds as rig count falls, reserves remain low
According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...