Your problem isn’t our problem was the harsh message delivered by OPEC+ on Thursday at a post-OPEC+ meeting presser. Referring to the energy crisis soaring energy costs, Saudi Arabia’s Energy Continue Reading
Saudi Arabia and its OPEC+ allies put oil prices in the hands of U.S. President Joe Biden, rejecting his pleas for a large production hike and leaving him the choice Continue Reading
OPEC+ is heading for a politically consequential showdown with President Joe Biden, as Saudi Arabia and its allies must choose whether to heed American demands for more oil. The cartel Continue Reading
OPEC+ added just 140,000 barrels daily of crude oil last month Bloomberg: production constraints in Angola and Nigeria were part of the problem Several OPEC members said in recent days Continue Reading
It should not be taken for granted that the OPEC+ alliance needs to raise its monthly oil production more than currently planned, Kremlin spokesman Dmitry Peskov said on Tuesday, commenting Continue Reading
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices. On Continue Reading
The increase in OPEC’s oil output in October fell short of the rise planned under a deal with allies, a Reuters survey found on Monday, as involuntary outages in some Continue Reading
For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Continue Reading
The Biden administration’s senior energy official on Sunday blamed the Opec oil “cartel” for soaring petrol prices in the US, putting more pressure on the group to increase crude output Continue Reading
Oil pared an early decline as OPEC+ may resist mounting pressure this week to boost production at a faster clip, and traders looked beyond China’s release of fuel reserves to Continue Reading
