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VIENNA – Opec has cut its global oil demand forecasts for the next four years as Chinese growth slows , even as it lifted its ...
Saudi Arabia, the United Arab Emirates, and Kuwait—lined up on Wednesday to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market. Oil prices ...
However, tensions de-escalated in the Middle East much quicker than expected, and the ceasefire between Israel and Iran ...
Oil prices were swinging between gains and losses but remained modestly higher for the week, supported by a weaker dollar as Trump's new tariff rates weighed on sentiment. The Organization of the ...
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Key members of OPEC+ alliance, including Russia, have so far announced the restoration of 1.78 million barrels a day of supply that they’d voluntarily held back.
Oil is expected to hold nearly 30% of the energy mix, while combined with gas it will stay above 50% through the period. "Oil underpins the global economy and is central to our daily lives," OPEC said ...
LONDON (Reuters) -Oil prices edged lower on Thursday as investors weighed the potential impact of U.S. President Donald Trump’s tariffs on global economic growth. Brent crude futures were down 17 ...
The market is expected to tighten into Q3 and early Q4, with non-Opec+ (non-DOC) production growth slowing. While not calling a peak, Mr Al Ghais said the slowdown is visible, and hinted at further ...
Herman Wang, Chief Editor, EMEA & APAC Oil News at Platts joins CNBC's Dan Murphy at the OPEC International Seminar in Vienna to discuss recent production hikes within the alliance, and the outlook ...
Crude oil prices declined today, retreating from recent two-week highs as market participants grapple with ongoing trade uncertainties and rising U.S. stockpiles. The market's cautious tone reflects ...
Congolese Minister of Hydrocarbons Bruno Jean Richard Itoua discusses OPEC+'s latest super-sized supply hike. He also talks about Congo's plan to increase production. "The target is to double the ...