News

Saudi Arabia Deals a Blow to Russian Economy
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
ING revises oil price forecast downward due to higher OPEC output
OPEC+'s decision to aggressively increase oil supply will result in an earlier and sustained market surplus throughout 2025.
Russia's oil price in roubles at two-year low, 40% below budgeted level, data shows
Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than ...
Oil sinks 4% after OPEC output increase
Crude oil futures tumbled at the open Sunday after OPEC decided to boost output. WTI crde (CL1:COM) -3.8% and Brent (CO1:COM) ...
Opec’s ‘healthy’ crude oil market looks like catching a cold
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
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What OPEC's big weekend says about Trump
Saudi Arabia and some other members see President Trump — for now — as more invested in lower prices than in what's ...
OPEC+'s rubric not satifying all members equally: Emirates NBD
"OPEC+'s rubric is not satifying all of its members equally," Ed Bell, chief economist and head of research at Emirates NBD ...