Brent oil rose past the $70 a barrel level after OPEC+ said it expects tightening of the global market, reports Bloomberg. OPEC+ says surplus oil accumulated during the pandemic has…
Analysts expect OPEC+ to gradually ease crude output limits at the June 1 meeting, according to IBD. OPEC+ are also expected to consider a nuclear deal between Iran and Western…
OPEC+ has agreed to add more than 2 million barrels a day of global oil supplies from May to July, reports Bloomberg. The output increase is about a quarter of…
OPEC+ will convene a videoconference from 1 p.m. London time to discuss the next phase of production policy, according to CNBC. The meeting comes when OPEC Secretary General Mohammed Barkindo…
At least 19 economies that depend on oil and gas exports are reportedly at risk of losing trillions of dollars by 2040 due to climate action initiatives, according to Bloomberg.…
OPEC+ will add 500,000 barrels a day of oil output in January, giving the market more time to absorb the extra supply, according to Bloomberg Quint. The hike is a…
Brent crude futures gained 28 cents or 0.6%, at $44.46 a barrel at 1027 GMT, and were on track for a third consecutive weekly rise following successful COVID-19 vaccine trials,…
The Organization of Petroleum Exporting Countries and allies started meetings on Monday to explore further action to support the oil market in 2021 as the secondary coronavirus wave weighs on…
Rising coronavirus cases and weaker-than-expected economic outlook have prompted OPEC on Wednesday to lower global oil demand forecasts for the end of 2020 and for 2021. According to press release…
Oil prices declined on Monday, extending the losses sustained last week after the resurgent of the coronavirus pandemic in the U.S. and Europe and Libya’s growing production, according to Reuters.…
OPEC is piling pressure on its members and allies to delay or water down output cuts planned for January, according to Bloomberg. OPEC and its allies had cut 2021 forecasts…
Spot crude oil prices averaged lower in September, after gains in four consecutive months, according to press release. September declines as a result of softening recovery of physical crude market…