The fraught outlook for OPEC+ comes even before oil markets absorb the impact of a second term for Trump, who has promised ...

The top crude-buying region is forecast to import 26.42mln bpd in November, up marginally from October's 26.11mln bpd and ...

Looking ahead, the EIA forecasts in its latest STEO that global crude oil production will average 77.04 million barrels per ...

Devon Energy fundamentals are strong, with record-breaking production and efficiency gains, particularly in the Delaware ...

On the other side, traders need to look towards $67.12 – a level that held the price in May and June 2023 – to find the first support. In case that breaks, the 2024 year-to-date low emerges at $64.75, ...

The US Dollar Index bounces off support after traders took profit in their Greenback rally.

European markets rebounded from two days of losses on Thursday, despite low trading volumes as the US marked the Thanksgiving holiday. The region-wide Stoxx Europe 600 closed up 0.5 per cent, with ...

The central Asian nation joined forces with OPEC in 2016 when the oil cartel created ... And when the cartel attempted to reduce Angola’s quota in 2023, the country fought back and, ultimately ...

This was about 300,000 barrels per day higher than 2023’s average level ... There are concerns that if OPEC increases production from January, the oil market will be significantly oversupplied.

Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could ...

OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't discuss oil ...

When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, ...