In an op-ed article in the Middle East Economic Survey (MEES) published on Friday, OPEC Secretary General Haitham Al Ghais ...
Insiders reveal that ADNOC is considering raising production to around 4.85-4.87 million bpd, breaking from the current OPEC ...
Brent crude futures surged 13.4% to $87.26/barrel due to Middle East tensions, OPEC cuts, attacks between Ukraine and Russia, ...
A drop in the price of Brent crude led to this measure The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and put on sale on international markets ...
Current market volatility is being caused by the OPEC producer group rather than the conflict in the Middle East, said Union ...
CFO Wang Xin said the main barrel oil cost decreased in the first quarter of this year, mainly contributed by exchange rate ...
Piper Sandler followed Wells Fargo 's lead recently by raising its price target on Devon Energy (NYSE: DVN) from $59 to $60 ...
So far in 2024, oil prices are back on the rise, led by strong demand and tightening supply management -- including OPEC cuts ...
OPEC+ is maintaining its 2.2 million barrels per day cut ... OPEC in November. The Israel-Hamas conflict and Houthi attacks on Red Sea shipping are significant geopolitical factors bolstering oil ...
OPEC's decision to maintain production cuts stirs mixed sentiments in oil markets, as WTI and Brent ... Saudi Arabia to hold a 1 million bpd cut until 2023, Russia curbs exports by 300,000 bpd.
There was a real fear that rising economic and political nationalism would threaten future ownership of oil resources. In such an unsettled market, competition between the big players was fierce.
Economies and markets periodically experience “sea changes” or disruptions, with oil undergoing such a conversion today, ...