OPEC wants oil prices above $50, but US shale producers won’t play along
Growth in U.S. oil production is slowing, yet it will continue to blunt OPEC's efforts to cut supply and normalize…
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OPEC
Oil prices hit 2-month high on tighter US market, Venezuela sanctions risk
Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions…
Oil prices firm on optimism over declining stocks
Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a…
Oil extends gains as Saudi pledges export curbs
Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on…
OPEC moves to cap Nigeria’s oil output, boost compliance
OPEC moved Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts…
Oil market rebalancing to speed up in H2: OPEC’s Barkindo
A rebalancing of the oil market is progressing more slowly than expected, but it will speed up in the second half…
U.S. weighs financial sanctions to hit Venezuela’s oil revenue, White House sources…
The United States is studying financial sanctions on Venezuela that would halt dollar payments for the country's…
Oil prices drop after report showing OPEC deal compliance falling in July
Oil prices fell on Friday after a consultancy report forecast a rise in OPEC production for July despite the…
Oil dips on rising US crude inventories, high OPEC supplies
Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high supplies from producer club…
Oil stable as strong demand meets ongoing supply glut
Oil prices were stable Tuesday, backed by strong consumption but weighed by ongoing high supplies from producer…