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OPEC
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Energy Aspects warns of oil prices heading for an "upward spiral," as Chinese regulators raise crude oil futures' daily price limits and adjust refined oil prices.
The global crude oil market is at a "turning point," with energy analysis firm Energy Aspects warning that oil prices are heading for an "upward spiral" due to accelerated global inventory drawdowns,
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OPEC Further Cuts 2026 Oil Demand Growth Forecast, Raises 2027 Outlook Amid Oil Prices Surpassing $100
The Organization of the Petroleum Exporting Countries (OPEC) has once again cut its forecast for global oil demand growth for 2026 to 380,000 barrels a day, down from a previous estimate of 580,000 ba
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Saudi Arabia reported to OPEC that its crude oil production fell again last month, reaching its lowest level since 1990.
Saudi Arabia reported to OPEC that its crude oil production again fell sharply last month, reaching its lowest level since 1990, as renewed hostilities between the United States and Iran squeezed Saud
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Venezuela is reportedly evaluating a potential exit from OPEC, following the United States' announcement that it would gain majority control over a significant portion of the country's oil assets.
Caracas is closely evaluating the possibility of withdrawing from OPEC after the United States announced it would acquire majority control of a significant portion of Venezuela's oil assets. This deve
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OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
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Trump says it's up to Venezuela what to do about OPEC
Trump says it's up to Venezuela what to do about OPEC
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Venezuela Considers Leaving OPEC, a Move That Would Be a Blow to the Oil Cartel
Venezuela Considers Leaving OPEC, a Move That Would Be a Blow to the Oil Cartel
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Iraq seeks OPEC+ oil output quota hike, targets doubling production to 8-10 million bpd in six years
Iraq has sent a delegation to Saudi Arabia, seeking an increase in its OPEC production quota and warning that it might follow the UAE's example and exit OPEC if its production cannot be increased. Ira
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Iraq aims to more than double oil output to 8-10M bpd in 6 years, seeks higher OPEC quota; Chevron signs MOUs to develop key fields.
Iraq recently sent a delegation to Saudi Arabia seeking a higher production quota from OPEC to support its goal. Chevron signed MOUs for the West Qurna 2 and Nassiriya oilfields; West Qurna 2, current
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Oil prices fell, with Brent crude down 1.7% to $87.44 and WTI crude down 1.9% to $81.66, due to a weak demand outlook and a significant increase in US crude inventories.
Oil prices fell on Thursday, with Brent crude futures closing down 1.7% at $87.44 per barrel and U.S. West Texas Intermediate (WTI) crude futures closing down 1.9% at $81.66 per barrel. The main reaso
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Saudi Arabia reported to OPEC that its crude oil production increased by just over 1 million barrels a day in July.
Saudi Arabia reported to OPEC that its crude oil production increased by just over 1 million barrels a day in July.
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UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom After Country Left OPEC and Pushed More Oil Through Strait of Hormuz
UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom After Country Left OPEC and Pushed More Oil Through Strait of Hormuz
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OPEC's oil output rebounded in July, driven mainly by Kuwait, Saudi Arabia, and Iraq, a Bloomberg survey showed.
Bloomberg survey shows OPEC's crude oil production rebounded in July, mainly driven by Kuwait, Saudi Arabia, and Iraq, offsetting some wartime losses. This comes despite opaque shipping data complicat
-
Brazil's Oil Output Hit Record High in June Amid Iran War Fallout, Boosting Non-OPEC Supply
Brazil's oil production reached a record high in June, as rising supplies from producers outside the Middle East helped cushion disruptions from the fallout of the war in Iran.
-
Saudi Arabia has slashed its crude oil prices by the largest margin in at least 26 years
Svmuu News: As a surge in global supply intensifies competition for buyers, Saudi Arabia has cut its official selling prices for its main crude grades to Asian customers in August by the largest margi
-
Energy Aspects warns of oil prices heading for an "upward spiral," as Chinese regulators raise crude oil futures' daily price limits and adjust refined oil prices.
The global crude oil market is at a "turning point," with energy analysis firm Energy Aspects warning that oil prices are heading for an "upward spiral" due to accelerated global inventory drawdowns,
-
OPEC Further Cuts 2026 Oil Demand Growth Forecast, Raises 2027 Outlook Amid Oil Prices Surpassing $100
The Organization of the Petroleum Exporting Countries (OPEC) has once again cut its forecast for global oil demand growth for 2026 to 380,000 barrels a day, down from a previous estimate of 580,000 ba
-
Saudi Arabia reported to OPEC that its crude oil production fell again last month, reaching its lowest level since 1990.
Saudi Arabia reported to OPEC that its crude oil production again fell sharply last month, reaching its lowest level since 1990, as renewed hostilities between the United States and Iran squeezed Saud
-
Venezuela is reportedly evaluating a potential exit from OPEC, following the United States' announcement that it would gain majority control over a significant portion of the country's oil assets.
Caracas is closely evaluating the possibility of withdrawing from OPEC after the United States announced it would acquire majority control of a significant portion of Venezuela's oil assets. This deve
-
OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
-
Trump says it's up to Venezuela what to do about OPEC
Trump says it's up to Venezuela what to do about OPEC
-
Venezuela Considers Leaving OPEC, a Move That Would Be a Blow to the Oil Cartel
Venezuela Considers Leaving OPEC, a Move That Would Be a Blow to the Oil Cartel
-
Iraq seeks OPEC+ oil output quota hike, targets doubling production to 8-10 million bpd in six years
Iraq has sent a delegation to Saudi Arabia, seeking an increase in its OPEC production quota and warning that it might follow the UAE's example and exit OPEC if its production cannot be increased. Ira
-
Iraq aims to more than double oil output to 8-10M bpd in 6 years, seeks higher OPEC quota; Chevron signs MOUs to develop key fields.
Iraq recently sent a delegation to Saudi Arabia seeking a higher production quota from OPEC to support its goal. Chevron signed MOUs for the West Qurna 2 and Nassiriya oilfields; West Qurna 2, current
-
Oil prices fell, with Brent crude down 1.7% to $87.44 and WTI crude down 1.9% to $81.66, due to a weak demand outlook and a significant increase in US crude inventories.
Oil prices fell on Thursday, with Brent crude futures closing down 1.7% at $87.44 per barrel and U.S. West Texas Intermediate (WTI) crude futures closing down 1.9% at $81.66 per barrel. The main reaso
-
Saudi Arabia reported to OPEC that its crude oil production increased by just over 1 million barrels a day in July.
Saudi Arabia reported to OPEC that its crude oil production increased by just over 1 million barrels a day in July.
-
UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom After Country Left OPEC and Pushed More Oil Through Strait of Hormuz
UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom After Country Left OPEC and Pushed More Oil Through Strait of Hormuz
-
OPEC's oil output rebounded in July, driven mainly by Kuwait, Saudi Arabia, and Iraq, a Bloomberg survey showed.
Bloomberg survey shows OPEC's crude oil production rebounded in July, mainly driven by Kuwait, Saudi Arabia, and Iraq, offsetting some wartime losses. This comes despite opaque shipping data complicat
-
Brazil's Oil Output Hit Record High in June Amid Iran War Fallout, Boosting Non-OPEC Supply
Brazil's oil production reached a record high in June, as rising supplies from producers outside the Middle East helped cushion disruptions from the fallout of the war in Iran.
-
Saudi Arabia has slashed its crude oil prices by the largest margin in at least 26 years
Svmuu News: As a surge in global supply intensifies competition for buyers, Saudi Arabia has cut its official selling prices for its main crude grades to Asian customers in August by the largest margi
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OPEC
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