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Members of Congress Call for DOJ to Investigate Possible Antitrust Violations in Oil Industry
The National Law Review· 7 hours agoAntitrust Division to “use every tool” to investigate the oil industry for potential violations of...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 4 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 ...
Oil prices could drop to $60 per barrel in 2025 as world faces 'substantial surplus,' Citi says
CNBC· 6 days agoThe price of global benchmark Brent will start dropping in the fourth quarter...world crude...
OPEC may soon lose its sway over global oil prices, IEA says
CNN Business via Yahoo Finance· 6 days agoA looming glut in global oil supply could “upend” attempts by the Organization of the Petroleum...
Oil funds temper bearishness after OPEC+ reassurance
Reuters· 1 day 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 agoLast week, Abdulaziz bin Salman Al Saud, Saudi Arabia’s Energy Minister, hit back at criticism of...
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.
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 ...
We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy...
Fortune· 6 days agoThe IEA anticipates the oil supply hitting 114 million barrels a day by the end of the decade—roughly 8 million barrels a day higher than demand. “This would result in levels of spare capacity ...
Global oil markets likely to face large supply deficits soon, says report
Offshore Technology via Yahoo Finance· 6 days agoThis will then fall a little to 1.41mbbl/d during 2025. The group argued that global oil markets...