[ad_1] LONDON, March 5 (Reuters) – By deciding to leave production unchanged for another month at its meeting on Thursday, OPEC+ risks causing the oil market to overheat and creating…
Tag: OPEC
OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds
[ad_1] LONDON, May 2 (Reuters) – OPEC oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian shipments, a Reuters survey found…
Spread of COVID-19 Delta variant knocks oil demand outlook -IEA
[ad_1] LONDON, Aug 12 (Reuters) – Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to…
Oil drops as economic growth concerns offset OPEC+ cuts
[ad_1] BENGALURU : Oil prices dropped more than a dollar a barrel on Monday after weak economic data from China and expectations of another U.S. interest rate hike outweighed support…
Oil steadies after Russia says global oil markets in balance
[ad_1] Novak says OPEC+ doesn’t expect shortages on the global market US Q1 economic growth slows as businesses run down inventories Russian refineries increase output as fuel exports rise NEW…
OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise
[ad_1] LONDON/HOUSTON, Feb 22 (Reuters) – OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices,…
US-Saudi oil pact breaking down as Russia grabs upper hand
[ad_1] DUBAI: Just three years ago, when the Organisation of the Petroleum Exporting Countries and its allies (Opec+) oil giants fell out, the United States found itself playing the role…
Oil steadies as OPEC fuels demand hopes amid new COVID-19 worries
[ad_1] OPEC bullish on oil market recovery but virus variants pose risk Market broadly expects COVID-19 vaccines to bolster oil demand Delta variant prompts new travel curbs OPEC+ to meet…
OPEC Production Cut Raises Gas Prices for US Consumers
[ad_1] Last weekend, OPEC announced a production cut of over a million barrels per day, causing crude oil prices to surge above $80 a barrel and the national average for…
OPEC+ Cut Won’t Throttle Chinese Oil Demand
[ad_1] The U.S. is looking shaky, but the world’s largest energy consumer is still in the early stages of its post-Covid recovery. [ad_2] Source link