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Oil Prices Stall as OPEC Sticks To Demand Views
Barrons.com· 5 days agoOil futures are modestly lower after OPEC kept its demand growth estimates at 2.2. The report follows the June 2 decision by the producer group to start...
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
MarketWatch via Yahoo Finance· 1 day agoStories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi...
Two Oil Deals Lay Bare the OPEC+ Problem
Bloomberg· 5 days agoLiam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 2 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.
OPEC sticks to 2024 oil demand growth forecast but trims Q1 view
Reuters· 5 days agoOPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024,...
U.S. Crude Production Growth Challenges OPEC+ Control Over Prices
Oilprice.com via Yahoo Finance· 4 days agoOPEC+ extends oil production cuts until the end of 2025, aiming to stabilize crude prices and balance market demands in the face of U.S. crude production growth and weak demand concerns.
OPEC Keeps Robust Oil-Demand Outlook After Output Policy Move
The Wall Street Journal· 5 days agoOPEC maintained its bullish outlook for oil-demand growth after setting out a plan to gradually...
OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand...
CNBC· 3 days agoThe head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to...
Russia exceeds OPEC+ May output target, vows to get back in line
Offshore Technology via Yahoo Finance· 2 days agoRussia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in...
OPEC sees no peak oil demand long term, secretary general says
Reuters· 3 days agoOPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116...