News

Trade deadlines and oil drama set the stage for a crunch week in global markets
Another assignment that is much more definitive: the OPEC Seminar. The circus rolls back into Vienna as the oil producers' ...
OPEC+ oil output: Group to raise supply by 548,000 bpd in August; cites strong demand, low inventories
OPEC+ nations, led by Saudi Arabia and Russia, will boost crude output by 548,000 barrels per day in August. This decision ...
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OPEC Nudges Output Higher - But Markets Are Awaiting the Real Barrels
OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...
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OPEC warns of 23 million bpd oil shortfall globally by 2030 without $17.4 trillion investment
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...
Oil Gives Back Some Gains With OPEC+ in View
After yesterday’s rally on renewed Middle East geopolitical risk premium, the market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.
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OPEC Set to Move Up Meeting to July 5 and Hike Output Again
OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...
‘Electricity is the new oil’: Expert anticipates oil prices to stay below US$70
Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...
Oil prices rise as Iran suspends cooperation with UN nuclear watchdog
Oil futures edged up on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and markets weighed ...