News

Markets are thirsty for more oil, OPEC+ and oil majors say
Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for ...
Khaleej Times on MSN7h
Market braces for sub-$60 oil as Opec+ lifts output
Global oil prices are poised to fall below $60 per barrel by year-end as Opec+ accelerates its unwinding of production cuts, ...
OPEC looking to regain market share with oil production increases, expert says
The Organization of Petroleum Exporting Countries (OPEC) continues to boost oil production, with more than 500,000 additional ...
Emirates News Agency50m
UAE plays vital role in OPEC, OPEC+: Al Mazrouei
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, emphasised the importance of the UAE’s role in the ...
Exxon, Chevron, Shell, BP Stocks Fall. OPEC Oil Plans, Gas Trading Fears Are Biting.
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
Gulf Today3h
Markets thirsty for oil despite boosts in Opec+ output: UAE
Markets are thirsty for oil because they are absorbing Opec+ production increases without building inventories, United Arab ...
Embattled Iran slams consequences of war on oil markets
War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on ...
Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
OPEC+ jolted markets by announcing it would flood the market with more oil.
OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...
Bloomberg on MSN9h
ESAI Energy's Sarah Emerson on OPEC, Oil Prices, Supply
Sarah Emerson, President of ESAI Energy, talks about OPEC+ latest production hike, summer demand and supply. She speaks to ...