OPEC sees robust summer oil demand, economic upside potential

OPEC sees world economic growth of 2.8% in 2024, steady from last month, and said the U.S. economy was set to give the traditional summer boost to fuel demand. "The upcoming driving season in the U.S. Read More

Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low

Russia was India’s largest supplier for a second consecutive fiscal year as OPEC lost market share in the country. Read More

More pain ahead in oil and gas despite Opec boost

PETALING JAYA: Oil and gas (O&G ... Exporting Countries (Opec) to cut oil production by 1.2 million barrels a day, a move which is expected to improve crude prices for the longer term. Read More

OPEC+ keeps output policy steady as oil nears $90 a barrel

A meeting of senior OPEC+ ministers kept oil output policy unchanged and pressed some countries to increase compliance with output cuts, a decision that spurred international crude prices to their ... Read More

Russia squeezes Mideast, OPEC shares in India's oil market to historic lows

As a result Russia is now the top supplier to the world's third-largest oil importer. India has continued to buy Russian oil despite problems ... India's oil imports Opec's share of India's oil ... Read More

Oil prices ease on prospect of persistently high US interest rates

Oil prices slipped in early trade on Friday as U.S. jobs data pointed to higher interest rates for longer and easing tensions in the Middle East dampened supply concerns. The market largely shrugged ... Read More

ING Sees Oil Prices Rising Further on Supply Risk

Oil markets ... 2022 levels despite the unfolding risks hanging over the markets. ING says it’s possible that OPEC’s large spare capacity is making speculators worry that oil prices have ... Read More

Opec+ ministers keep oil output policy steady

A MEETING of the top ministers of Opec+ has kept oil output policy unchanged and pressed some countries to boost compliance with output cuts, a decision that spurred international crude prices to ... Read More

OPEC+ unlikely to change oil output policy before June meeting, sources say

OPEC+ is unlikely to make any oil output policy changes until a full ministerial gathering in June, three OPEC+ sources told Reuters ahead of next week’s gathering of ministers that is not ... Read More

There Was No Such Plan to Lower Oil Prices

and later an oil trader who, as reported by Lee Daniels in the New York Times (Feb. 4, 1986), was one of the first to predict the collapse of OPEC in 1986 and an oil-price plunge to below $10 a ... Read More

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Showcase your company news with guaranteed exposure both in print ... facing unprecedented challenges. DBJ's Small Business… Diversity, equity & inclusion are not just features of a strong ... Read More

I:DJI

Wall Street's average yearly cash bonuses declined by 2% in 2023 to $176,500, down from $180,000 the year before despite an increase in industry profits. FOX Business host Larry Kudlow explains ... Read More