OPEC
The debt ceiling deal has cleared one hurdle, but a few more remain. That uncertainty has oil markets floundering.
7 days ago
Inflation cooled in March according to the recent consumer price index report, though many economists believe the move is not permanent. Based on the March CPI – a measure of the costs of U.S....
1 month ago
It looks like OPEC is ready to get serious about supporting the price of crude. These seven leading energy infrastructure stocks make sense now for investors who are more conservative and looking for...
8 months ago
Last Updated: 8 months ago
With oil prices possibly set to explode higher, investors may want to grab shares of these seven big dividend energy giants that are on sale now and participate in what could be a strong...
8 months ago
Last Updated: 8 months ago
The Biden administration is considering releasing up to 180 million barrels of oil from the U.S. strategic reserve in an effort to reduce prices consumers are paying at the pump.
1 year ago
A reported agreement that would get Libyan oil flowing into the export market has sent crude prices tumbling Monday morning.
2 years ago
Increasing oil production among OPEC+ partners and in the United States is keeping a lid on crude prices and new estimates do not see an end to the oil market glut until late next year or early 2022.
2 years ago
Oil industry analysts at IHS Markit forecast the global over-production of crude will amount to 14 million barrels a day in the second quarter. About that much again is expected to go into storage.
3 years ago
The International Energy Agency on Wednesday said that global oil demand would decline by 29 million barrels a day next month and end the year down by 2.7 million barrels a day.
3 years ago
An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
3 years ago
A video teleconference Thursday morning is expected to cut up to 10 million barrels from global crude oil production. Will that be enough to push crude prices higher?
3 years ago
Last Updated: 3 years ago
The members of OPEC along with Russia and others are expected to meet Monday to discuss reducing crude production by up to 10 million barrels a day. The United States may not be present in person but...
3 years ago
As Russia and Saudi Arabia ramp up crude production, U.S. shale producers face dangerous days ahead and pressure is building elsewhere as well.
3 years ago
OPEC and its non-OPEC members (OPEC+) have failed to agree on further cuts to oil production as a response to the slowdown in the global economy due to the coronavirus outbreak. Russia now looks like...
3 years ago
The International Monetary Fund has a new study on the impact of declining demand for oil on the economies of six Persian Gulf nations. Continuing to depend on revenue from oil sales threatens the...
3 years ago
Last Updated: 3 years ago