News

Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
Gas could get even cheaper this summer. Supachai Panyaviwat/. OPEC+ is boosting oil output, tanking prices as US summer ...
Saudi plays short and long game with OPEC+ production gamble
Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...
OilPrice.com27m
OPEC Bans Five Media Outlets From Vienna Meeting
OPEC has denied accreditation to five leading Western media outlets for its Vienna meeting, reviving tensions over press freedom and oil market transparency.
OPEC’s New Supply Shock Locks In Oil Market’s Return to Surplus
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...
OPEC Plus Agrees to Pump More Oil in August
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
Ukrainian News2d
Oil reacts sharply to OPEC's unexpected decision on production
Oil prices fell after OPEC+ countries unexpectedly announced a more significant increase in oil production in August than ...
Agence France-Presse on MSN4d
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August.
They decided to hike production to 548,000 barrels per day, a statement following a meeting in Vienna said. Analysts had expected the alliance to decide on another output increase of 411,000 barrels ...
The Business Times3d
Opec’s new supply shock nails on oil market’s return to surplus
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...