U.S., OPEC supply has ‘extinguished’ remaining upside potential for oil prices
A growth in production from the U.S. and OPEC has offset any remaining upside potential for oil prices, according…
Browsing Tag
OPEC
Brazil president says he wants country to join OPEC
Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…
Oil prices fall as weak demand outlook weighs on
Oil prices slipped on Thursday as persistent concerns about a weak demand outlook weigh on, after posting sharp…
OPEC agrees to extend current output cuts by nine months
OPEC agreed on Monday to extend production cuts by nine months after several members of the Middle East-dominated…
Iran says Saudi Arabia-Russia unilateralism could lead to the death of OPEC
Iranian Oil Minister Bijan Zanganeh believes “unilateralism” among some OPEC members could ultimately lead to the…
OPEC to extend oil production curbs as meeting starts in Vienna
Ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies in Vienna, the…
OPEC to extend oil supply cut year-end as Iran endorses pact
OPEC and its allies look to extend oil supply cuts until the end of the year as Iran joined top producers; Saudi…
Oil climbs on likelihood of ongoing OPEC+ supply cuts
Oil climbed on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding…
Oil rises as much as 1% as Saudi Arabia suggests OPEC+ to keep production cut plan
Oil prices jumped as much as 1 percent on Monday after Saudi Energy Minister Khalid al-Falih indicated there was…
Oil drops as Trump presses OPEC to make up for Iranian sanctions
Oil prices dropped on Monday, extending a decline from Friday that ended weeks of rallying, after U.S. President…