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OPEC’s latest report reveals a 6.8% drop in oil prices for April, steady global economic growth, and resilient Nigerian oil ...
Jeff Currie, Carlyle chief strategy officer of energy pathways, joins CNBC's 'Squawk on the Street' to discuss outlooks on ...
Kazakhstan is on track to surpass its oil production target for 2025 thanks to a Chevron-led expansion at the Tengiz field, ...
U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from ...
VIENNA, 5th April, 2017 (WAM) -- The price of OPEC's basket of thirteen crudes stood at US$50.59 a barrel on Tuesday, compared with $50.68 the previous day, according to OPEC Secretariat calculations.
The pressure on markets comes as Bloomberg News on Thursday reported that members of the OPEC+ group are considering another output hike in July. The group has already agreed to raise production by ...
While the United States is still expected to drive supply growth, OPEC expects total oil output to rise by about 300,000 bpd this year. Last month, it forecast growth of 400,000 bpd. OPEC left its ...
Hedge funds boosted their bullish position on Brent crude by the most since early April as fading prospects for a quick ...
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