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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...
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.
WTI Oil Week Ahead: WTI Eyes $80 a Barrel on Demand Optimism
MarketPulse· 2 days agoWTI unfazed as OPEC and IEA forecast paint differing demand pictures. WTI oil prices are...
Stock Market News for June 11, 2024
Zacks via Yahoo Finance· 5 days agoInvestors would keep a keen watch on price trends and whether the recent softening sustains. The June Fed meeting will conclude after midday on...
OPEC⁺ surprise triggered record hedge fund oil sales
Reuters· 6 days agoPortfolio investors sold record volumes of petroleum last week after OPEC⁺ surprised the market by announcing plans to increase production starting from...
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.
Oil dips, but posts weekly gain on solid 2024 demand outlook
Reuters via Yahoo Finance· 2 days agoNEW YORK (Reuters) -Oil futures prices settled slightly lower on Friday after a survey showed...
Top 5 things to watch in markets in the week ahead By Investing.com
Investing.com· 3 hours agoU.S. retail sales data will be scrutinized as investors try to assess the impact of higher interest...
Gas prices are cheaper than last summer and miles away from the nightmare of 2022
CNN Business via Yahoo Finance· 2 days agoIndeed, even though the oil industry frequently battles with the White House over...