If the data provided by OPEC is accurate, subject to some reasonable adjustments, the outcome for the market could be prices that will exceed $100 per barrel later this year. But even if the far ...

TAMPA, Fla. (WFLA) — Gas prices have reached a new high for the year. Prices jumped $.13 in the past week. According to AAA, ...

Crude prices fell back from their best levels today after weekly EIA crude inventories unexpectedly rose to an 8-month high ... production cuts in place until the end of June. However, OPEC ...

The oil cartel explained that the JMMC reviewed the crude oil production data for January and February 2024 and noted the high conformity ... Again in June last year, OPEC said it would extend ...

However, rising prices likely won't change the Organization of Petroleum Exporting Countries' (OPEC) mind about production cuts ... exports reached a record high last year, an upward trend that ...

HOUSTON/NEW YORK (Reuters) – Non-OPEC countries will account for a higher percentage of oil production ... year, down from $2,780 in 2022, the EIA forecast. U.S. motor travel rose 3.8% for ...

(Bloomberg) -- Oil rose toward a five-month high after OPEC confirmed it would ... “For the next two or three months, I expect to see OPEC production fall even further," Daniel Hynes, senior ...

The de-facto leader of OPEC ... U.S. production has fallen as oil prices have tanked it still averaged 9.4 million bpd in 2015, and is forecast to average 8.8 million bpd this year, with 8.7 ...

Several OPEC delegates ... below the 5-year seasonal average. US crude oil production in the week ending March 15 was unchanged w/w at 13.1 million bpd, below the recent record high of 13.3 ...

The uncertainty in the market remains because production ... ruled out this year, OPEC noted MOSCOW, December 13. /TASS/. Oil production in non-OPEC countries can grow by 1.8 mln barrels per ...

Given that OPEC and OPEC+ ... to raise its output to 1.8 million bpd. That's despite 2023 being a lackluster year that saw the country hit a 20-year low in production back in March.

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...