OPEC has just cut its demand forecast for 2024 and 2025. Non-OPEC+ producers are expected to pump more oil next year. OPEC+ unity will face a serious test in 2025 if oil prices do not rebound from ...

WTI stabilizing above $70/bbl is "a good sign that selling is abating after absorbing most of the future factors, negative demand and higher OPEC+ production," Spartan Capital's Peter Cardillo said.

“The U.S. oil sector, however, does not exist in a vacuum - and signs that the U.S. is ramping up production could provoke a ...

However, the key assumption behind this is that OPEC+ will go ahead with the gradual unwinding of 2.2m b/d of additional voluntary supply cuts. This leaves a big risk in our view because if OPEC+ ...

Geopolitical uncertainty will probably garner the lion's share of the blame for OPEC+'s decision to once again delay raising ...

Image Credit: Gulf News archives OPEC+ agreed to push back its December production increase ... In June, the Organization of ...

OPEC+ agreed to push back its December production ... the Organization of Petroleum Exporting Countries and its partners outlined a road map to gradually restore in monthly tranches 2.2 million ...

“The market has been incorrectly viewing Opec+ as wanting to flood the market to regain market share,” but instead, their “primary focus remains keeping oil inventories under control”. In June, the ...