News

An OPEC+ panel is unlikely to alter existing plans to raise oil output when it meets on Monday, four OPEC+ delegates said, ...
OPEC+ is expected to maintain its current output policy at Monday's Joint Ministerial Monitoring Committee meeting, planning ...
According to the government, Saudi Arabia affirms its adherence to the voluntary OPEC+ output target. There is full ...
WTI fell 3% during the week as traders focused on negative U.S. economic news and signs of growing oil supplies.
The Organization of the Petroleum Exporting Countries (OPEC) said on Friday that the joint ministerial monitoring committee ...
Oil prices eased on Friday and settled at a three-week low as traders worried about negative economic news from the U.S. and China and signs of growing supply.
WTI crude is trading below $65, reinforcing the bearish tone as fundamentals and technicals move in tandem. The price has slipped decisively below the 50-day Simple Moving Average (SMA) at $65.44. It ...
All eyes are on a potential U.S.-EU deal. Officials from the European Commission--which negotiates on behalf of the EU's 27 member states--recently briefed EU envoys on the current status of talks ...
OIL is going through a period of uneasy calm, but market players are pondering if it's a trend that would last.
The World Bank projects GCC real GDP growth of 3.2% in 2025, driven by oil market recovery and strength in non-oil sectors.
OPEC+ shocked markets with surprise production increases starting August, potentially delivering relief to American drivers planning summer road trips. The timing couldn't be better for ...
TotalEnergies has warned that the unwinding of production cuts by Opec+ and weak demand from a global economic slowdown are leading to a glut of oil supply, as the French major’s profits dropped on ...