OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, delegates said Monday, deciding against opening the taps more widely, and driving U.S. crude Continue Reading
Three sources at OPEC+ told Reuters that the group were likely to keep the 400,000-bpd monthly increase for November. Bakr: One option is to ease the cuts by 400,000 bpd Continue Reading
The OPEC+ meeting has ended with rather disappointing news for President Biden and others who were hoping for a surprise increase in oil production OPEC+ decided in the middle of Continue Reading
Oil prices raced past $81 today as OPEC+ refused to increase production by more than the agreed-upon 400,000 bpd this month There are now fears in the market that OPEC+ Continue Reading
OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said Continue Reading
OPEC+ is likely to stick to an existing deal to add 400,000 barrels per day (bpd) to its output for November when it meets next week, sources said, despite oil Continue Reading
The Organisation of Petroleum Exporting Countries (OPEC) has once more warned that reducing investment in the oil and gas industry due to pressure from activists and climate change crusaders might Continue Reading
Highlights Global oil demand forecast to grow almost 20% from 2020-2045 Oil to comprise 28% of 2045 energy demand, renewables 10% Aviation sector won’t fully recover from pandemic until 2024 Continue Reading
Goldman Sachs claims that oil has entered a structural bull market, reaffirming their $90 oil prediction Oil inventories are seeing their largest daily drawdowns ever, and the growing global natural Continue Reading
OPEC is forecasting an unlikely winner amid an energy shift away from hydrocarbons, predicting the cartel itself will dramatically boost its influence in the global oil market over the next Continue Reading
