The Wrong Oil Price Is Truthfully a Problem for OPEC
The best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the truth! A senior official of the OPEC oil cartel has said publicly what many thought privately — the group has been keeping oil prices too high,
Oil futures rose Tuesday morning as traders awaited a meeting of the Organization of the Petroleum Exporting Countries and ...
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could ...
Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...
"The likelihood of another OPEC roll of cuts into the first quarter is all but priced in," said John Evans of oil broker PVM. OPEC+ members are holding back 5.86 million barrels per day of output, or ...
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ ...
Oil prices flat as President-elect Trump threatens to hit BRICS nations with 100% tariffs if the group backed alternatives to ...
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
While OPEC has postponed production increases originally planned for October and December, the potential for a January supply hike remains. Macquarie noted it “would be surprised to see OPEC announce ...
Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh ...
A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery ...
OPEC+ is set to meet on Thursday online to discuss what to do with its production curbs for 2025.
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