News

OPEC+'s 'healthy' crude oil market looks like catching a cold: Russell
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
TradeWinds39m
Tanker rates tipped to rise alongside temperatures as Opec supercharges production
The panel’s Aframax rates made a big push in late March and hit a year-to-date high of $51,450 per day on 11 April before ...
CNBC Africa35m
OPEC+ agrees another accelerated oil output hike for June
OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels ...
Exclusive: OPEC+ to further speed up oil output hikes, sources say
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, ...
Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices
Futures for the Dow Jones Industrial Average dropped 193 points, or 0.47%. Futures for the S&P 500 fell 0.52%, and Nasdaq ...
Oil News: Crude Outlook Turns Bleak as OPEC Ramps Supply Into Weak Demand
OPEC+ ramps up output by 800,000 bpd, setting a bearish tone as weak oil demand and rising inventories pressure the global ...
Oil Sinks as OPEC+ Supply Surge Threatens to Swamp Global Market
Oil buckled after OPEC+ agreed to another bumper output increase, bolstering global supplies at a time when demand is ...
Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices
Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud ...
India may benefit as oil faces fresh downside on weak global cues: Jonathan Barratt
I get a sense that prices are under pressure. OPEC in themselves have made a decision because they actually sort of need US ...