Opec sees robust summer oil demand, economic upside potential

A boost to economic growth could give extra tailwind to oil prices ... Opec and its allies, known as Opec+, last week agreed to keep oil output cuts in place until the end of June. “Despite ... Read More

Despite $90 Crude, US Oil Output Capped by Weak Natgas Prices

(Reuters) - U.S. crude oil prices ... but a weak natural gas market, steeper costs and a focus on shareholder returns over new production are keeping shale drillers from big output increases ... Read More

Oil slides to 7-week low as demand weakens, rates stay high

Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening global demand, rising inventories and fading hopes for an early decline in U.S. interest rates. Read More

OPEC oil output falls in April led by Iran, Iraq, survey finds

OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed ... Read More

Why Oil Prices Have Been Rising Recently

The oil price also remains below the peaks reached in 2022, when prices jumped well above $100 a barrel. In 2023, strong growth in crude output ... point home, OPEC Plus said in a news release ... Read More

Oil prices ease as weak China economy, likely US output boost outweigh Middle East crisis

Crude oil prices skidded below $90 a barrel on April 17 as weak economic data from China ... indicating an output boost from the country. On the other hand, a decision is still awaited on Israel ... 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

UAE’s Oil Giant Raises Capacity Numbers Ahead of OPEC Meeting

The United Arab Emirates’s main oil company said it had bolstered its production capacity, a month before the country meets with fellow OPEC+ nations to decide output levels for the second half of ... Read More

US shale drillers deterred from oil output boost by slump in natural gas

(Reuters) — US crude oil prices ... but a weak natural gas market, steeper costs and a focus on shareholder returns over new production are keeping shale drillers from big output increases ... 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 crude oil output barely changed in March

the news agency said. Last month, member countries of OPEC+, led by Saudi Arabia and Russia, agreed to continue their voluntary reductions to crude oil output through the second quarter of the year to ... Read More