News

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...
Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...
Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-stakes price war is starting to ...
Oil edged lower in the early Asian session amid lingering supply concerns.
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Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...
OPEC+ is expected to modestly raise July production targets by 411,000 bpd, but actual output increases will likely be ...
Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.
OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. Rising tensions between ...
Utilisation and rates have fallen, but if Opec continues pumping oil, countercyclical summer bump could still come ...
Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...