The Organization of the Petroleum Exporting Countries (OPEC) has cut its global oil demand forecasts for the next four years, citing weaker economic growth in China...
Oil prices held steady on Tuesday as traders weighed signals that the OPEC+ alliance intends to increase crude output by 411,000 barrels per day in August,...
The OPEC+ alliance’s accelerated move to boost oil-production quotas has yet to yield meaningful increases in actual output, according to a recent market note by Morgan...
Saudi Arabia has called for a continuation of accelerated oil supply hikes through the coming months, signaling a renewed divergence within the OPEC+ alliance over output...
Oil prices extended their weekly losses on Friday on expectations of a fresh output hike by OPEC+ and renewed legal uncertainty surrounding U.S. tariffs imposed by...
Oil prices held within a narrow range on Wednesday as market participants digested new U.S. sanctions on Venezuela impacting Chevron’s operations while anticipation ahead of a...
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are weighing a potential third consecutive production hike as the group...
Oil prices fell sharply on Monday following OPEC+’s decision to accelerate production increases despite dwindling demand amid rising economic uncertainties. Brent crude oil, against which Nigerian...
Goldman Sachs has revised downward its oil price projection amid rising global supply and increasing economic headwinds stemming from escalating trade tensions. The bank now expects...
Oil prices held steady on Monday as investor caution intensified over the potential impact of U.S. trade policies and rising output from OPEC+ producers on global...