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Oil funds temper bearishness after OPEC+ reassurance
Gulf Business· 5 hours agoInventories of both gasoline and diesel have been rising relative in the US, and consumption growth for oil remains tepid across some markets
OPEC sees no peak oil demand long term, secretary general says
Gulf Business· 2 days agoOPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
Bottom Line: Oil magnate accused of OPEC collusion brings on top lobbying shop
The Hill via AOL· 20 hours agoOil and gas Brownstein Hyatt Farber Schreck registered to lobby on issues related to the Federal...
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
MarketWatch via Yahoo Finance· 2 days agoStories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 5 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.
Members of Congress Call for DOJ to Investigate Possible Antitrust Violations in Oil Industry
The National Law Review· 19 hours agoThis was followed by a similar letter on June 4 from members of the House of Representatives...
OPEC+ Unlikely to Raise Oil Output in 2024, Energy Aspects Says
Bloomberg via Yahoo Finance· 7 days ago(Bloomberg) -- OPEC+ plus countries probably will not need to raise oil output later this year...
Russia exceeds OPEC+ May output target, vows to get back in line
Offshore Technology via Yahoo Finance· 5 days agoRussia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in...
Oil prices dip but still set for positive week on OPEC hopes
Investing.com· 5 days agoBrent and WTI contracts were up over 3% for the week. A bulk of crude’s gains this week came as...
OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand...
CNBC· 6 days agoThe head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to...