The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.

The sharp jump in crude oil prices is expected to be short-lived and subside eventually if the war does not spread widely in ...

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil ...

OPEC+ is set to meet tomorrow, and the group will be under pressure to support oil prices which have been falling fairly ...

An OPEC+ panel is unlikely this week to recommend any changes to its current deal to reduce production and to start unwinding ...

Shock and awe. The war in the Middle East seems to be crossing red line after red line. Following attacks on top Hezbollah ...

Last week, the Financial Times reported that Saudi Arabia was ready to abandon its unofficial price target of $100 a barrel ...

Iraq and Kazakhstan in particular are expected to do so. They promised compensation cuts of 123,000 Bpd for September and even more in subsequent months. A source from OPEC+ told us last week that ...

No $100 oil coming soon … but is a rebound coming in Q4? … the contrarian case based on extreme pessimism … long-term ...

A report this month by the International Energy Agency said that while global oil demand is decelerating from 2023 levels due ...