News

Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
E&E News1d
The Saudis are hurting the US oil industry. Trump’s unlikely to talk about it.
President Donald Trump’s campaign promise of U.S. “energy dominance” is running into a flood of OPEC crude oil — a surge of ...
US crude oil climbs more than $1 on Saudi investment
U.S. crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia's plans to invest ...
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...
Oil sinks 4% after OPEC output increase
Crude oil futures tumbled at the open Sunday after OPEC decided to boost output. WTI crde (CL1:COM) -3.8% and Brent (CO1:COM) ...
OPEC April oil output edges lower despite plans for hike, survey finds
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
OPEC+ to further speed up oil output hikes, sources say
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks ...
The Economist5d
How Saudi Arabia is cranking up the pressure on its OPEC allies
Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...
January Non-OPEC And World Oil Production Drops
The focus of this post is an overview of World oil production, along with a more detailed review of the top 11 Non-OPEC ...