The price for Brent crude oil was under pressure Monday after OPEC hinted at more production, though a lack of spare capacity could be a factor. Brent, the global benchmark Continue Reading
Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production and as U.S. Continue Reading
The NYMEX July natural gas futures contract weakened Monday, as US dry gas production continued to tick higher over the weekend, reaching a record high of 79.8 Bcf Sunday. The Continue Reading
Nearly everyone expected the OPEC+ decision to start raising oil production on Friday, with U.S. drivers excited to get some relief from high gas prices at the start of driving Continue Reading
Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries Continue Reading
All eyes will be on how oil markets react this week as they weigh the impact of the OPEC/non-OPEC deal agreed on June 22. The monitoring committee overseeing oil output Continue Reading
Oil prices rose by the biggest amount in nearly two years Friday after some of the world’s major oil producers agreed to boost crude output less than many investors had Continue Reading
OPEC has finally met, and as most expected, the cartel agreed that any country within the group that has space capacity will be able to boost oil production, with Saudi Continue Reading
Oil prices rose more than 1 percent on Friday as OPEC struggled to agree on a deal to increase output to compensate for losses in production at a time of Continue Reading
U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic inventories, while Brent edged down ahead of an OPEC meeting later this week that may Continue Reading
