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Oil funds temper bearishness after OPEC+ reassurance
Reuters· 20 hours 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...
Russia exceeds OPEC+ May output target, vows to get back in line
Offshore Technology via Yahoo Finance· 4 days agoRussia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in...
Russia's oil output exceeded OPEC+ quotas in May, pledges to meet obligations
Reuters· 5 days agoRussia's energy ministry said on Thursday that its oil production in May exceeded quotas set by the ...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 3 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.
U.S. Crude Production Growth Challenges OPEC+ Control Over Prices
Oilprice.com via Yahoo Finance· 6 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.
Oil prices dip but still set for positive week on OPEC hopes
Investing.com· 4 days agoBrent and WTI contracts were up over 3% for the week. A bulk of crude’s gains this week came as...
OPEC+ Producers Are Caught Between Diverging Oil Forecasts
Bloomberg· 6 days agoAnalysts at producer and consumer agencies have different takes on how much the world needs. Have a...
Oil prices hold firm after rally as OPEC sticks to demand and steady economic growth forecasts
CNBC· 7 days agoCrude oil futures held to gains Tuesday as OPEC stuck to its demand forecasts, counting on steady...
Crude oil steady ahead of key inflation data, Fed meeting By Investing.com
Investing.com· 7 days agoThis represented something of a recovery after last week’s sharp losses in the wake of the meeting...
Oil edges higher as OPEC comments feed demand hopes
Reuters· 5 days agoOil prices rose slightly on Thursday in up-and-down trade, supported by an OPEC forecast for demand growth and as data showing an U.S. easing labor...