A new report suggests Saudi Arabia may increase oil production. This comes just ahead of the OPEC+ meeting today. Sharon Cho reports. Oil dropped below $113.50 a barrel following reports Continue Reading
Stocks in Europe and US futures climbed Thursday as investors assessed attractive valuations and a drop in oil prices against hawkish messages from central bankers on reining in inflation. Europe’s Continue Reading
ICE Brent crude plunges 3% in early morning trade Saudis prepared to raise output to replace Russian shortfall: reports US Fed survey shows slowing growth in the economy Crude oil Continue Reading
Crude oil from the nation’s Strategic Petroleum Reserves may be headed into commercial inventories, but the American Petroleum Institute (API) still reported a draw this week for crude oil of Continue Reading
Saudi Arabia has indicated to western allies that it is prepared to raise oil production should Russia’s output fall substantially under the weight of sanctions, according to five people familiar Continue Reading
Italy’s prime minister has hatched a radical plan to contain the oil price rally, a plan that involved creating a cartel of oil consumers to increase their bargaining power. The Continue Reading
Citi’s Ed Morse reiterated his bearish view on crude oil in an interview on Bloomberg. Morse: Oil should be trading at around $70 per barrel. Citibank revised its demand growth Continue Reading
OPEC+ is working on making up for a drop in Russian oil output, two OPEC+ sources said on Thursday, as Russia’s production has fallen by around 1 million barrels per Continue Reading
For many Libyans, clashes that erupted in the capital of Tripoli last month were all too familiar — a deja vu of street fighting, reverberating gunfire and people cowering inside Continue Reading
Nearly 50 members of the U.S. House of Representatives introduced a resolution on Wednesday seeking to end any U.S. involvement in Saudi Arabia’s air campaign in Yemen, with plans to Continue Reading
