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OPEC sees no peak oil demand long term, secretary general says
Gulf Business· 4 days agoOPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
Oil prices are up 10% in the last 2 weeks
Quartz· 9 hours agoA slight ding in supply and rising Middle East tensions are boosting the commodity
Russia exceeds OPEC+ May output target, vows to get back in line
Offshore Technology via Yahoo Finance· 7 days agoRussia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 6 days agoOPEC's strategy to defend market share against US shale oil production has cost them trillions in lost revenue, but they may finally be seeing a light at the end of the tunnel as US production flattens.
Oil prices dip but still set for positive week on OPEC hopes
Investing.com· 7 days agoBrent and WTI contracts were up over 3% for the week. A bulk of crude’s gains this week came as...
Oil funds temper bearishness after OPEC+ reassurance
Reuters· 4 days agoPortfolio investors last week repurchased some of the petroleum they had sold the week before after Saudi Arabia and its OPEC+ allies stressed any future...
The smart money is preparing for Trumpflation
Yahoo Finance via AOL· 7 hours agoLabor shortages for much of the last three years have pushed wages up, another factor contributing to higher prices. Global energy markets are also much...
Members of Congress Call for DOJ to Investigate Possible Antitrust Violations in Oil Industry | JD...
JD Supra· 2 days agoThis was followed by a similar letter on June 4 from members of the House of Representatives Judiciary Committee, urging the DOJ “to immediately open an investigation into a potential antitrust ...
Oil Set to Notch Weekly Gain as Stockpile Draw Spurs Bullishness
Bloomberg via Yahoo Finance· 57 minutes ago(Bloomberg) -- Oil headed for the first back-to-back weekly gain since early April as a surprise...
Ex-Pioneer CEO Accused of OPEC Collusion Taps DC Lobbying Firm
Bloomberg Law· 3 days agoScott Sheffield, the former head of Pioneer Natural Resources Co., has hired a powerful Washington, DC lobbying firm after the US Federal Trade Commission said he tried to collude with OPEC.