OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Oil producers inside and outside the Organization of the Petroleum Exporting Countries are quietly shifting from restraint to expansion, lifting output even as demand signals look uneven. The result ...
The Organization of the Petroleum Exporting Countries lowered its forecast for growth in global oil demand in 2025 for the first time since December. OPEC said in its April Oil Market Report: This ...
Crude oil futures slumped to near multi-year lows after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies announced a larger-than-expected production increase on Thursday, ...
Global oil supply and demand has seen significant fluctuations since the onset of the COVID-19 pandemic and subsequent lockdown restrictions. As economies begin to gradually reopen, demand for the ...
The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output ...
LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the ...
Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...
Venezuela has reached out to OPEC to address what it has called “threatening and illegal activity from the United States.” President Nicolás Maduro has made it clear in his letters to OPEC and OPEC+ ...
With Iran's crude exports so far unaffected, the OPEC secretary-general said OPEC doesn't need to take any immediate action. Image by wildpixel via iStock Key OPEC+ nations added less oil to the ...
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