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Oil prices are up 10% in the last 2 weeks
Quartz· 2 hours agoA slight ding in supply and rising Middle East tensions are boosting the commodity
OPEC sees no peak oil demand long term, secretary general says
Gulf Business· 4 days agoOPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
Oil prices dip but still set for positive week on OPEC hopes
Investing.com· 7 days agoBrent and WTI contracts were up over 3% for the week. A bulk of crude’s gains this week came as...
Bottom Line: Oil magnate accused of OPEC collusion brings on top lobbying shop
The Hill· 2 days agoThe regulator accused Sheffield last month of trying to collude with OPEC to inflate prices, which...
Oil Rises Amid Equity Market Rally, US Crude Stockpile Decline
Bloomberg via Yahoo Finance· 4 hours ago(Bloomberg) -- Oil rose, propelled by equities’ recent rally and a drawdown in US crude...
Oil funds temper bearishness after OPEC+ reassurance
Gulf Business· 2 days agoInventories of both gasoline and diesel have been rising relative in the US, and consumption growth for oil remains tepid across some markets
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 6 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.
Kuwait announces power cuts as demand spikes in summer heat
AFP via Yahoo News· 8 hours agoKuwait has announced temporary power cuts in some parts of the country during peak consumption...
Oil market still set to tighten in second half of 2024 - UBS By Investing.com
Investing.com· 1 day agoThe major energy agencies have all recently made revisions to the likely oil balances this year and...
Russia exceeds OPEC+ May output target, vows to get back in line
Offshore Technology via Yahoo Finance· 6 days agoRussia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in...