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Oil market still set to tighten in second half of 2024 - UBS
Investing.com via Yahoo Finance· 7 hours agoThe major energy agencies have all recently made revisions to the likely oil balances this year and next, but they still point to the crude market tightening in the second half of 2024, according ...
Oil funds temper bearishness after OPEC+ reassurance
Gulf Business· 8 hours agoInventories of both gasoline and diesel have been rising relative in the US, and consumption growth for oil remains tepid across some markets
Bottom Line: Oil magnate accused of OPEC collusion brings on top lobbying shop
The Hill via Yahoo Finance· 22 hours agoOil and gas Brownstein Hyatt Farber Schreck registered to lobby on issues related to the Federal...
OPEC sees no peak oil demand long term, secretary general says
Gulf Business· 2 days agoOPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
MarketWatch via Yahoo Finance· 2 days agoStories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 5 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· 5 days agoBrent and WTI contracts were up over 3% for the week. A bulk of crude’s gains this week came as...
Russia exceeds OPEC+ May output target, vows to get back in line
Offshore Technology via Yahoo Finance· 5 days agoRussia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in...
OPEC+ Unlikely to Raise Oil Output in 2024, Energy Aspects Says
Bloomberg via Yahoo Finance· 7 days ago(Bloomberg) -- OPEC+ plus countries probably will not need to raise oil output later this year...
Members of Congress Call for DOJ to Investigate Possible Antitrust Violations in Oil Industry
The National Law Review· 22 hours agoThis was followed by a similar letter on June 4 from members of the House of Representatives...
