News

Behind OPEC+ oil output hike, Saudi-Russian tensions simmer
Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...
Gas prices dip below $3 in some Michigan cities as OPEC boosts oil production
"If demand drops, alongside low crude oil prices, pump prices may continue to fall." Throughout the state, the ...
U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...
Texas Standard23h
OPEC+ production hikes could shake up oil prices
Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...
OPEC must squeeze US shale much more to win oil price war
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 holds gains as Alberta wildfires offset OPEC+ output hike
Brent traded near US$65 a barrel after jumping 2.9 per cent on Monday. The blazes in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels a day of heavy crude production, more ...
Hedge Funds Rush Into Oil Short Bets as OPEC Supply Risk Looms
Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...
The Economist2d
Will the UAE break OPEC?
Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...
Crude oil ends lower as expected OPEC output hike trumps gains from tariff ruling
Crude oil futures fell after surrendering early gains that followed the US Court of International Trade's ruling that ...
BBN Times1d
OPEC+ to Boost Oil Production by 411,000 Barrels Per Day in July, Signaling Shift in Global Energy Markets
OPEC+, the influential alliance of oil-producing nations led by Saudi Arabia and Russia, has confirmed plans to increase oil ...